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Tullow Oil, the British explorer that found Kenya's first crude a year ago, is about to find out whether the resources extend into neighbouring Ethiopia, a nation dependent on agriculture that's yet to discover any petroleum. Tullow, Africa Oil Corp
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The price of oil was little changed Friday after a 5 percent fall over the last two days. The drop in crude showed signs of slowing the upward spiral of gas pump prices as well, at least temporarily. Benchmark crude for April delivery was down 12
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India's imports of oil from Iran rose 3.7 per cent in January from December, but overall purchases fell 21.8 per cent in the first 10 months, data from trade sources shows, as New Delhi cut dependence on Tehran under the pressure of sanctions.
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Oil prices ticked back up in electronic trade Friday after heavy losses over the past two days, though some analysts offered bearish near-term forecasts. Benchmark U.S. crude oil for April delivery rebounded by 39 cents, or 0.4%, to $93.23 a barrel
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Oil prices plunged for a second day Thursday, raising hopes that a relentless rise in gasoline prices may slow or reverse at least temporarily. U.S. benchmark crude oil fell $2.31, or 2.4 percent, to $92.91 per barrel in midday trading in New York,
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The price of a barrel of crude oil dropped sharply overnight, slipping to less than $93 per barrel after equities fell in the previous trading session...Federal Reserve noted in its meeting minutes that some of its policy makers didn't stand behind
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Despite parliamentary forthrightness around Uganda's oil initially, President Museveni has shown he still holds all the power. Since the inception of the 9th Parliament in 2011, Uganda has seen some vociferous debates and the emergence of new
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America's booming crude production industry has done amazing things for the economy...But all that production is never really going to lower Americans' gas prices which recently screamed higher because we are competing with the entire world for the
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daytradeideas.com) WTI Crude Oil March Contract WTI Crude Oil was predicted to sell off on Friday & we saw sharp losses for a retest of Feb lows at 95.06/94.97. We bounced just above here & with short term oscillators flashing over sold we should
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Nigeria's oil minister said on Tuesday that a boost in US oil and gas production had begun affecting Nigerian exports, with the United States a major market for crude from Nigeria, Africa's biggest producer. Analysts have previously warned that
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