Oil Prices Decline As Russia Favors Iran Nuclear Deal Resumption

• Tuesday, 15th March 2022
• by Fatma Ahmed

As supply disruption fears eased, oil prices have declined to their lowest levels in three weeks, with Russia’s announcement that they are in favor of resuming the 2015 Iran nuclear deal as soon as possible, according...

Oil Drops to $45 Despite OPEC Deal

• Monday, 8th May 2017
• by Editorial Team

Oil hovered around $46 per barrel in New York, back to levels last seen before the deal to cut production set by the Organization of Petroleum Exporting Countries (OPEC), as the shale revival appears to be making the ...

Nigeria Lost 130m Barrels of Crude

• Thursday, 1st December 2016
• by Editorial Team

Nigeria has lost over 130m barrels of crude oil from January to November this year to the activities of 32 militant groups in the Niger Delta region since the resurgence of militancy in the oil-producing region in 201...

Nigeria’s Oil Output,Export Losses Continues

• Thursday, 18th August 2016
• by Egypt Oil & Gas

The Nigerian Petroleum Minister, Ibe Kachikwu, said that the country’s losses in oil production due to militant attacks have hit 900,000 b/d, Oil Price reported. The African nation continues to lose about $274m as the...