Oil spill risks and climate concerns have sparked legal action against the government and the global energy company
United States’s enfant terrible Donald Trump’s sanctions on Iran are hurting Opec’s third-largest exporter at 2.4-million barrels a day
Shell allegedly helped Nigeria’s military commit human rights abuses in the oil-rich south in the 1990s.
Oil’s recovery from a six-year low has slowed amid speculation that global production will expand as prices rebound, prolonging a surplus.
Opec is due to hold a meeting to decide on oil production levels, with markets expecting it to keep it’s target of 24.84 million barrels per day.
Ghana joined the ranks of African oil exporters on Wednesday, turning on the taps to about $1-billion of annual crude revenues from an offshore field.
Nigeria does not know exactly how much of the black gold it churns but one thing is certain — three years of attacks have led to a sharp decline.
Opec ministers on Thursday decided to ”stay the course” and keep output steady as they bet on a strengthening economy to boost oil prices.
Oil ministers appear ready to sit back and let a recovering economy lift crude prices instead of trying to bolster them by cutting back production.
The global financial crisis presents a ”great” opportunity to create a socially just economic system, an economic researcher said on Wednesday.
Angola approved a -billion spending plan for 2009 despite fears the recent slump in oil prices will increase the country’s budget deficit.
Is it over? Was that the oil shock? Can we relax, sit back and expect our energy bills and prices at the pumps to tumble?
Iran’s Opec governor said an oil price of per barrel was ”appropriate” in current conditions, the Oil Ministry’s news agency Shana reported.
Opec should consider cutting oil production at the next meeting if member nations determine that recent price declines constitute a downturn.
Nigeria’s main militant group repeated its warning on Sunday that it will target foreign workers with the country’s biggest construction firm.
