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Tuesday, March 9, 2021
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CATEGORY

Energy

Oil Prices Jump To 10-Month High On Weak Dollar

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...

Exxon Signals Historic Fourth Consecutive Loss on Oil Demand Hit

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...

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

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...

Seplat Signs Crude Purchase Agreement to Feed WalterSmith Refinery

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

Oil Prices Jump to Highest Since February on Stimulus Hopes

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...

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

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...

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

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

Seplat Head Office Sealed Over Access Bank Court Case

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

Dangote Refinery Market Entry to Help Boost Crack Spreads

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...

Tullow Oil to Focus on West Africa Operations

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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