Saudi Arabia consults Nigeria on stabilizing global oil prices

Posted by - November 28, 2018

The Minister of Petroleum, Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al-Falih has recently held talks with the Federal Government of Nigeria as parts of effort to bring about a stabilisation in the crude oil price and in the international crude oil market. Minister of State for Petroleum Resources, Dr. Emmanuel

Oil Prices Rise on Uncertainty Over Libyan Crude Exports

Posted by - June 26, 2018

Oil prices rose, Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output loom. Brent sweet crude futures, the international benchmark for oil prices, were at 74.95 dollars per barrel at 01.04 GMT, up 22 cents, or 0.3 per cent from their last close. The United States West Texas