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The recent decision by oil-producing countries to prolong cuts in output will not fundamentally change the outlook for a market that is heavily oversupplied, the IEA said on Friday.
Iraq’s oil minister said on Thursday his country had the capacity to increase its oil production to 6 million barrels per day (bpd) if needed, but it was committed to OPEC-led output cuts and would not take unilateral action to boost supply.
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.
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 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 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.
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.
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.
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.
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.
The Chairman, Academic Staff Union of Polytechnics (ASUP), Oyo State College of Agriculture and Technology, Igbo-Ora, Mr. Opadijo Olujide, along with Secretary of the Union, Gbenga Alayande, and three others have been kidnapped.
Ogun State governor, Dapo Abiodun, at his swearing-in ceremony, promised to improve the standard of education in the state and on Friday, the governor has suspended with immediate effect payment of N3 700 as PTA fee inherited by the past administration.
Joe Biden, the Democratic heavyweight hoping to wrest the U.S. presidency from Donald Trump, has called on his opponent to make public the transcript of a phone call during which he reportedly made an inappropriate “promise” to a foreign leader.
The All Progressives Congress (APC) Progressives Governors Forum has promised to aggressively settle all public debate around the distinction between APC and Prople’s Democratic Party (PDP) governors.
FairMoney, a Paris-based fintech startup, has closed a $10 million-euro Series A round of investment led by Flourish, a venture of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC to reshape mobile banking in Nigeria and other countries.
The immediate past Governor of Imo State, Senator Rochas Okorocha, has declared that he will not hesitate to join the Indigenous People of Biafra, IPOB, if the Nnamdi Kanu-led group is able to convince him to do so.
A huge fire at a Liberian Koranic school killed at least 26 pupils and two teachers on Wednesday when flames engulfed their dormitory, in one of the worst disasters of its kind for the West African nation.
Brazil coach, Tite, has revealed the rationale behind his decision, to include Paris Saint-Germain forward, Neymar, in his 23-man roster for the friendlies against Senegal and Nigeria next month.
There is chaos in the Okonjo Royal family of Ogwashi-Uku following the unauthorized announcement of the death of their 91-year-old Obi, Professor Chukuka Okonjo, and naming of a successor by his daughter and former Finance Minister, Dr. Ngozi Okonjo-Iweala.
US President Donald Trump said Wednesday that he has instructed Treasury Secretary Steven Mnuchin to “substantially” increase economic sanctions on Iran.