Nigeria's parliament passed a record 10.59 trillion naira budget for 2020 on Thursday, paving the way for a likely return to the international debt market next year as the country struggles to shake off the impact of a recession.
Oil prices have stayed in a contained range that analysts say benefits both producers and consumers, bolstering hopes that the global economy can rebound. U.S. crude has generally stayed between $50 and $60 a barrel in the past six months and is on pace for its best year since 2016 following a sharp selloff late in 2018. Brent, the global gauge of prices, has also been steady and traded between $55 and $65.. As stocks fell for the third consecutive session Tuesday on worries that...
Oil prices have stayed in a contained range that analysts say benefits both producers and consumers, bolstering hopes that the global economy can rebound. U.S. crude has generally stayed between $50 and $60 a barrel in the past six months and is on pace for its best year since 2016 following a sharp selloff late in 2018. Brent, the global gauge of prices, has also been steady and traded between $55 and $65.. Because it is critical for the transportation and shipping industries, oil is...
The data-driven Sourcewater platform quantifies, visualizes and predicts oilfield water production and disposal in the Permian Basin and other U.S. shale plays SANTA CLARA, Calif. "Sourcewater has developed a high-performance oilfield water intelligence platform focused on the Permian Basin of West Texas and Southeast New Mexico," said Mariano Kimbara, Senior Industry Analyst.
Oil prices have stayed in a contained range that analysts say benefits both producers and consumers, bolstering hopes that the global economy can rebound. U.S. crude has generally stayed between $50 and $60 a barrel in the past six months and is on pace for its best year since 2016 following a sharp selloff late in 2018. Brent, the global gauge of prices, has also been steady and traded between $55 and $65.. Because it is critical for the transportation and shipping industries, oil is...
HOUSTON, Dec. 3, 2019 UL, a leading global safety science company, has officially opened a new hazardous locations customer service center at 4702 North Sam Houston Parkway, Suite #100 in Houston. The new facility, a first for UL in Houston, offers a collaborative safety service solution for the upstream, midstream and downstream oil and gas industry.
OPEC oil output has fallen in November as Angolan production has slipped due to maintenance and Saudi Arabia has kept a lid on supply to support the market before the initial public offering of state-owned Saudi Aramco, a Reuters survey found. On average, the 14-member Organization of the Petroleum Exporting Countries has pumped 29.57 million barrels per day this month, according to the survey.
What could make the holidays even better? We can all agree that there are better things to spend our money on than gasoline, especially during the holidays, said Michael DiLorenzo, chief marketing officer at GasBuddy. According to a recent study by the National Retail Federation, consumers are expected to spend $730 billion on gifts this year.
OPEC and its allies meet Dec. 5-6 in Vienna. Oil prices have climbed as global supplies have fallen so far this year thanks to efforts by the Organization of the Petroleum Exporting Countries and their allies, but growth in U.S. shale output and a slowdown in crude demand threaten to ruin that progress. Those are among the big issues OPEC and their allies, collectively known as OPEC+, will deal with when they hold meetings to discuss the oil market on Dec. 5 and Dec. 6 in Vienna.
Nigeria's economic growth rose to an annual rate of 2.28% in the three months to the end of September after the production of its main export commodity, crude oil, rose to a more than three year high, the statistics office said on Friday. The economy, Africa's largest, expanded by 0.17% in the previous quarter and 0.47% in the same period a year earlier.
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