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Tuesday, March 9, 2021
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Energy

Energy

Oil Prices Jump To 10-Month High On Weak Dollar

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Oil prices shot up to a 10-month high, posting further gains in the wake of the OPEC+ cuts, and edged a bit higher by...
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Energy

Exxon Signals Historic Fourth Consecutive Loss on Oil Demand Hit

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Exxon Mobil Corporation which is struggling to maintain a $15 billion-a-year dividend program, indicated it incurred a fourth straight quarterly loss. Exxon confirmed in a...
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Energy

Oil Price Rally Fades as OPEC’s Plans Overshadow U.S. Stimulus

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A brief rally in crude oil deflated Monday as investors ignored a broader market surge that pushed equities to an all-time high and focused...
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Energy

Seplat Signs Crude Purchase Agreement to Feed WalterSmith Refinery

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Seplat Petroleum Development Company Plc (Seplat), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange,...
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Energy

Oil Prices Jump to Highest Since February on Stimulus Hopes

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Oil surged to the highest in nearly 10 months in New York alongside a broader market rally as breakthroughs on U.S. stimulus talks combined...
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Energy

Trafigura Reports Record Profits on ‘Unprecedented’ Volatility for Metals, Oil

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Commodities trading house Trafigura banked $6.06 billion in net profits this year, the most on record, it said in its annual results published on...
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Energy

Oil and Gas Stocks are Worst Performing as United Capital Clings to Sell Ratings

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The recent stock market rally buoyed by an accommodative monetary policy environment has eluded the oil and gas firms as investors have continued to...
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Energy

Seplat Head Office Sealed Over Access Bank Court Case

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On 2nd December 2020, the building in which SEPLAT Corporate Headquarters is located, at 16A Temple Road, Ikoyi, Lagos, was sealed in connection with...
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Energy

Dangote Refinery Market Entry to Help Boost Crack Spreads

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The coming on stream of a 650,000 barrels per day Refinery being built by Africa’s richest man Aliko Dangote, will help trigger consolidation in...
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Energy

Tullow Oil to Focus on West Africa Operations

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Tullow Oil is to focus on its core assets in west Africa as part of a plan to boost cash generation and secure the...
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