Tag Archives: Saudi arabia

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy. Front-month Brent crude futures, the international benchmark for oil prices, …

Oil prices rose on Thursday lifted by a sustained decline in inventories and Saudi Arabia’s preparedness to cut crude supplies to its prized Asian customers. Brent crude futures were 52.99 dollars a barrel by 0855 GMT, while US West Texas Intermediate crude was up 17 cents at 49.73 dollars. Crude …

The Federal Government on Saturday received no fewer than 198 Nigerians illegally residing in Saudi Arabia at the Malam Aminu Kano International Airport at about 10 am. This number was out of the 1,800 Nigerians living illegally in Saudi Arabia, who were given amnesty to return to the country. The …

Mobil Producing Nigeria Unlimited and Shell Petroleum Development Company of Nigeria Limited recorded the biggest decline in production from joint venture assets in the first quarter of this year. The subsidiary of the United States-based ExxonMobil Corporation saw its JV output drop from 11.646 million barrels in January last year …

Barack Obama will on Friday veto legislation allowing 9/11 victims to sue Saudi Arabia, risking public outrage and the first congressional override of his presidency. The White House confirmed Thursday that Obama would veto the legislation — unanimously passed by Congress — allowing 9/11 families to launch civil suits against …

Oil prices rose on Thursday with Brent briefly topping $50 thanks to a weaker dollar and a drop in US crude stockpiles, traders said. Brent North Sea crude reached $50.05 a barrel — breaching $50 for the first time since early last month. Later around 1230 GMT, Brent North Sea …

Minister of State for Petroleum Resources, Ibe Kachikwu has said government has not unbundled the Nigeria National Petroleum Cooperation, NNPC yet. Explaining the development at the oil sector in an interview with State House correspondents after the meeting of the Federal Executive Council, FEC, at the Presidential Villa, Abuja, the …

Russian President Vladimir Putin said Wednesday that he had sealed a pact with the country’s oil majors to freeze production as proposed last month by Moscow and Saudi Arabia to curb slumping prices. “Yesterday we met with the management of our leading oil firms, and on the whole an agreement …

The National Hajj Commission of Nigeria (NAHCON) has said the death toll of Nigerians in the stampede in Mina, Saudi Arabia has increased to 145. NAHCON 345 Nigerians were affected in the September 24 stampede in the Holy city with the injured standing at 35 and 165 pilgrims still missing. …

The world’s most expensive cake is a gem-encrusted birthday and engagement dessert that is six foot long, includes 4,000 real diamonds and was created by a top fashion designer, 33 year old mother of 3, Debbie Wingham. Wingham turned to baking after creating the world’s most expensive dress for £11.5million …