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Brent oil rises back above $80 as Iran sanctions loom

Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.

COREN approves engineering accreditation programmes in 19 institutions

The Council for the Regulation of Engineering in Nigeria (COREN), has approved requests of 19 institutions for the accreditation of their engineering programmes in the country.

Oil rises on Iran sanctions, lower US fuel inventories

Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories.

Oil prices hit $80, highest since November 2014

Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market.

IEA: Global crude oil stock surplus shrinks

The International Energy Agency said on Friday that the international oil market could become too tight if supply remains restrained by OPEC and its allies as global oil stocks have diminished.

Oil heads for biggest weekly gain as price of Brent heads for $80

Oil prices rose higher on Friday, heading for their after U.S. President Donald Trump’s comments about possible military action in Syria and reports of dwindling global oil stocks.

Oil prices jump, Brent hits approximately $70

Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose.

US set to topple Russia as world’s biggest oil producer

The United States will overtake Russia as the world’s biggest oil producer, if not this year, by 2019 at the latest, as it oil import dropped to its lowest level since 2001.

US to overtake Saudi as crude oil producer – IEA

The United States is set to overtake Saudi Arabia as the world’s number two oil producer this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said on Friday.

Rosatom advocates sustainable energy mix for Nigeria

A Russian State Nuclear Energy Corporation, Rosatom, has shared its best practices with participants of the annual Powering Africa Nigeria summit held in Abuja, Nigeria.

Alternative energy may force oil prices down to $10 per barrel – Chris Watling

As alternative energy fuels continue to attract more investors across the world, oil prices are poised to crash to just $10 per barrel, an expert has said.

OPEC, allies regain control over oil market

OPEC and its allies have regained some control over the oil market as their production limits have eroded the supply glut that caused prices to plunge, but the IEA warned Thursday further restraint is needed if this balance is to be maintained.

Oil prices inch close to $56

Oil prices moved close to $56 on Monday, remaining near multi-month highs reached late last week.

Oil prices rise toward $56 as demand outlook brightens

Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent as the clean-up after hurricane in the United States gathers pace and the outlook for demand rise.

Recent Stories

National Hospital, Abuja, on Thursday, inaugurated an executive wing to cater for the health needs of Very Important Personalities (VIPs)

National Hospital inaugurates executive wing

National Hospital, Abuja, on Thursday, inaugurated an executive wing to cater for the health needs of Very Important Personalities (VIPs).

Train crash leaves at least 7 dead in Turkish capital

A crash involving a high-speed train at a station in the Turkish capital Ankara has killed at least seven people and injured more than 40, local media report.

West Ham and Crystal Palace in talks to sign Yaya Toure

Former Manchester City midfielder and three times Premier League winner, Yaya Toure, has set his heart on returning to England following his ill-fated spell at Olympiakos.

NIGCOMSAT expresses concern over inability to achieve 30% broadband penetration

Nigerian Communication Satellite Ltd has expressed concern over inability to achieve its earlier intended 30 per cent broadband penetration to ease internet access in the country.
INEC Chairman, Prof Mahmoud Yakubu

2019: INEC clarifies position on IDP voting

The Chairman of the Independent National Electoral Commission, Prof. Mahmood Yakubu, has said the commission’s decision to allow Internally Displaced Persons vote in 2019 is restricted to Nigerians living within our borders.