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Stephen Innes

The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices fall over rising coronavirus numbers

Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns.
A pedestrian walks past a stock indicator board for the Tokyo Stock Exchange being displayed in a window of a securities company in Tokyo on October 1, 2018. - Japanese shares powered to a new 27-year high on October 1 after the US and Canada clinched a long-awaited trade deal, but other Asian equity markets struggled in subdued holiday trading. (Photo by Martin BUREAU / AFP)

Asian markets rise on fresh vaccine hopes, eyes on earnings

Asian markets rose Monday, recovering some of the losses at the end of last week, as investors followed a strong performance on Wall Street fuelled by hopes for a coronavirus vaccine, though a spike in infections around the world capped gains.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices fall, head for weekly decline

Global oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere would suppress fuel demand.

US oil plunges to $10 per barrel, lowest in 21 years

The price of West Texas Intermediate (WTI), the benchmark for U.S. oil, dropped 39.09 per cent to $10.98 a barrel on Monday.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices plunge deeper as doubts grow over output cut deal

Oil prices fell sharply Monday after a meeting to discuss output cuts between OPEC and its allies was delayed, dimming hopes of swift action to support coronavirus-ravaged energy markets.

Oil plunges 25 percent as another virus-fueled trading week begins

Oil prices are plunging amid concern a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil climbs, lifted by US-China trade deal hopes, OPEC cuts

Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in holiday mode.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices fall as Russia touts easing OPEC+ output

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.
Pound Sterling

Pound drops as Boris Johnson faces battle to pass Brexit bill

Sterling fell Friday as investors fret over Boris Johnson’s chances of pushing his Brexit deal through parliament, while Asian markets were mostly down after data showed China’s economy expanded at its slowest pace in nearly three decades.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil rises on hopes for deeper OPEC output cuts, US-China trade talks

Oil prices climbed early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks between the U. S. and China to end their trade war.

Oil edges higher on supply worries; eyes on trade talks

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.

Oil prices dip as gloom gathers over global economy

Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the US-China trade war.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil hits six-week high on hopes of extended OPEC cuts

Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production cuts in a bid to support prices.
Saudi's Prince Abdulaziz bin Salman Al Saud

Oil rises as Saudi signals OPEC cuts to continue under new minister

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.

Oil prices jump over two percent as Saudi Arabia, Russia back supply cuts

Oil prices rose more than one dollar a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices drop as traders wait for G20, OPEC+ meetings

Oil prices fell on Thursday to erase some of the previous session’s strong gains, as traders wait for the G20 summit in Japan and for a meeting of OPEC and other crude producers to decide on an extension of output cuts.
US crude oil

Oil prices drop amid demand worries, but US-Iran tensions help

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.

Oil prices drop amid demand worries

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, Reuters reported.

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Sen. Bola Tinubu, All Progressives Congress (APC) National Leader, has called for the immortalisation of former U.S. Ambassador to Nigeria, Walter Carrington, in recognition of his outstanding achievements.

Asiwaju Tinubu urges immortalisation of former US envoy Walter Carrington

Sen. Bola Tinubu, All Progressives Congress (APC) National Leader, has called for the immortalisation of former U.S. Ambassador to Nigeria, Walter Carrington, in recognition of his outstanding achievements.
During a session with the club's media, Manchester United forward Odion Ighalo was surprised to receive a call from legend Andy Cole.

Odion Ighalo takes decision on leaving Manchester United for PSG

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Gerard Pique claims the current Real Madrid side is one of the worst he has faced at the Santiago Bernabeu despite being part of a Barcelona team that fell to a 2-0 defeat in Sunday’s Clasico.

Barca’s Gerard Pique calls for wholesale changes after “shameful” defeat

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Bauchi state governor, Bala Mohammed has lamented how the novel Coronavirus has hindered preparations for local government elections in the state.

WASSCE: Bauchi government uncovers irregularities in candidates’ list

There are strong indications that some students in Bauchi State may not write the 2020 WASSCE following the discovery of massive irregularities in the list of the candidates preparing for the exams by the Ministry of Education.
Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

Labour ministry debunks human trafficking allegations

The Ministry of Labour and Employment has finally come out to debunk the allegations claiming that it was complicit to human trafficking of Nigerian girls by issuance of illegal Recruiter’s License to Private Employment Agencies (PEAs).