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Oil fell on Monday after Russia said an OPEC-led pact may consider easing output cuts next year, but prices held near recent three-month highs on hopes for a trade deal between the United States and China.
Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill backing protesters in Hong Kong, fueling tensions with China.
Oman said on Monday that the Organisation of the Petroleum Exporting Countries (OPEC) and allied oil producers could extend a deal to limit crude supply but may not consider deepening cuts.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against the $60 per barrel in the 2019 budget because of the expected oil glut in 2020, as well as the need to cushion against unexpected price shock.
Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support.
Police detained dozens of protesters in Kazakhstan Saturday for rallying against Chinese economic expansion and former strongman president Nursultan Nazarbayev, who is still a powerful force in the former Soviet nation.
Minister of State for Petroleum Resources, Chief Timipre Sylva, says that Nigeria will cut down on its crude oil production to comply with the targets set by the Organisation of Petroleum Exporting Countries (OPEC).
Oil rose on Monday on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by OPEC and other producers to prop up prices under new Energy Minister, Abdulaziz bin Salman.
Zimbabwe's worsening electricity shortages mean power is often only available for a few hours in the middle of the night - forcing furniture maker Richard Benhura to start work at 23:00.
Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.
Lebanese President Michel Aoun on Monday called on the U.S. to take part in oil and gas exploration in Lebanon, the Presidency’s website reported.
Oil price hit multi-week highs on Monday after OPEC indicated it was likely to maintain production cuts that had helped boost prices this year.
Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.
Algerian protesters vowed on Friday to keep up the pressure on the regime left behind by Abdelaziz Bouteflika, staging a tenth consecutive weekly mass rally after a string of people close to the toppled president were sacked or arrested over alleged graft.
The All Progressives Congress (APC) has called on the National Broadcasting Commission (NBC) to call the management of the State Radio and Television to order, over alleged provocative broadcasts against its members.
A corporal of the Nigerian Army attached to Operation Lafiya Dole has opened fire on his colleagues, killing four personnel and injuring two others.
Tottenham midfielder Dele Alli has been charged by the Football Association after posting a video on social media mocking the coronavirus outbreak.
Celestine Babayaro has shared his thoughts on the appointment of Joseph Yobo as Nigeria’s senior national team assistant coach.
President of the Senate, Ahmad Lawan, will lead a delegation of Senators to the funeral service of Late Senator Longjan Ignatius Dantong slated for March 2, 2020, in Plateau State.
Invitations to WhatsApp group chats are being indexed by Google, making the invite links —including links to private group chats — discoverable and available to anyone who wants to join, Motherboard reports.
The Economic and Financial Crimes Commission, EFCC, on Monday, re-arraigned the former Plateau State governor, Senator, Jonah David Jang, and a former cashier in the Office Secretary to the State Government (OSSG), Yusuf Pam, before Justice C. L. Dabup of Plateau State High Court, Jos, on amended 17-count charge.
President Muhammadu Buhari has felicitated with top banker and stalwart of the All Progressives Congress, Sir Marc Wabara, as he turns 69 on Feb. 26.
Governors are worried about the depletion of the Excess Crude Account (ECA) and the resurgence of insecurity especially the upsurge of Boko Haram attacks, it was learnt at the weekend.
Three teenagers; Onyekaba Chinedu, 19; Akpa Ifeanyichukwu, 18; and Chidera Okelekwe, 18, were on Tuesday remanded in prison for their alleged involvement in armed robbery and rape.