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Gajah Investment Group co-founder, James Tounkara explains why he’s surprised that the situation concerning Nigeria’s oil production and militant attacks hadn’t occurred sooner.
Jim Cramer outlines what has prompted the staggering rally in energy prices, and what stands in the way of it going higher.
Some of the factors driving oil higher may be fleeting, and crude is widely expected to come off current levels. But strategists say the charts are telling another story.
Discussing the outlook for oil production and prices globally, with Suzanne Minter, Platts Analytics.
Insight to what's driving Nigeria's oil production lower, with Robin Renee Sanders, former U.S. Ambassador to Nigeria.
ABUJA, June 8- The Niger Delta Avengers militant group on Wednesday rejected an offer of talks with the government to end its attacks on oil facilities and said it had blown up a Chevron pipeline site in the Niger Delta. Attacks by militants on oil and gas pipelines in the southern delta swamps have brought Nigeria's oil output to a 20- year low and helped push oil...
ABUJA, June 8- The Niger Delta Avengers militant group on Wednesday rejected an offer of talks with the government to end its attacks on oil facilities and also said it had blown up a Chevron well in the delta. Attacks by militants on oil and gas pipelines in the southern Delta swamps have brought Nigeria's oil output to a 20- year lows and helped to push oil prices to...
LONDON/ ABUJA, June 3- The Niger Delta Avengers militant group has claimed responsibility for three new attacks on Nigeria's oil infrastructure, promising to cut production to zero. The attacks are the latest in a Delta region conflict that a major local youth group said is "rapidly deteriorating and getting out of control", putting intense pressure on Nigeria's...
YENAGOA, Nigeria, June 1- A Nigerian militant group said on Wednesday that it had blown up two Chevron oil wells in the second such attack in a week on the company's facilities in Nigeria's oil-producing Delta region. The attacks have reduced Nigeria's total oil output to below that of rival producer Angola, sharply affecting the national budget which relies on...
Oil producers from Angola to Venezuela are buckling under a production policy that was pushed by Saudi Arabia.
2016 maybe the "year of reckoning" for some OPEC members, RBC Capital Markets warned, ahead of the oil cartel's meeting in Vienna this week.
It was seen as a sign that new Saudi Energy Minister Khalid al-Falih took OPEC seriously when he turned up in the Austrian capital on Monday.
PORT HARCOURT, Nigeria, May 26- Slumped in a chair at Port Harcourt airport in Nigeria's Delta region, community leader Udengs Eradiri warns that attacks on oil facilities there are likely to escalate unless the government "changes its body language". Intensifying attacks in the Niger Delta this year have driven the OPEC member's oil output to a more than 20- year...
ABUJA, May 24- Nigeria's central bank abandoned its naira peg to the dollar on Tuesday in favor of a flexible currency regime, a policy U-turn designed to boost local manufacturing and exports and stave off a recession. However, Governor Godwin Emefiele sparked confusion in Africa's biggest economy by declining to say how the shift from a naira fixed at 197 to the...
Who are the Niger Delta Avengers and what do they want to do to Nigeria and its oil supply? Manji Cheto, senior vice president at Teneo Intelligence, explains.
While the oil markets remain volatile, there are a handful of stocks in the sector that are the best bets right now, says Andy Lipow.
Discussing the price environment for oil, with Helima Croft, RBC Capital Markets.
A group called the Niger Delta Avengers has claimed responsibility for attacks on oil infrastructure that have sent Nigeria's crude output plummeting.
Three major factors are helping WTI and Brent crude trade higher on Friday.
Goldman turned bullish on oil recently but John Kilduff says he thinks oil is more likely to fall back to $35 a barrel.