Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session's near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.
Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session's near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.
Oil fell below $57 a barrel on Thursday after the International Energy Agency said global oil consumption will fall this year at the fastest rate since 1981.
Royal Dutch Shell said on Wednesday its Nigerian joint venture has declared force majeure on the country's Bonny Light crude oil exports in April and May.
South Korea on Monday expressed its concern about China's rise as a global economic power in a rare note that said the ascent of its powerful neighbor could harm its own economic growth.
Chevron Corp warned that first-quarter earnings would be sharply lower than the previous quarter as lower oil and gas prices took a toll and refined-product margins shrank significantly.
Royal Dutch Shell has resumed operations at its Utorogu gas plant in Nigeria three days after it was shut down to repair a pipeline that was tapped by thieves, a spokesman said on Monday.
The Vatican Wednesday defended Pope Benedict's opposition to the use of condoms to stop the spread of AIDS as activists, doctors and politicians criticized it as unrealistic, unscientific and dangerous.
Oil rose to more than $47 on Monday, reversing earlier losses, on the view that OPEC cuts had started to take effect and a rally in equity markets.
U.S. crude oil futures extended their gains to above $45 on Wednesday after stocks of crude in the United States declined unexpectedly and demand for gasoline rose.
U.S. crude oil futures jumped more than $2 to above $43 per barrel on Wednesday, after an oil leak and fire on a Russian pipeline disrupted exports.
Oil rose slightly on Tuesday after slumping 10 percent in the previous session, but showed little sign of a strong recovery as falling crude demand overshadowed OPEC's production cuts.
ACCRA (Reuters) - African bank Ecobank Transnational Incorporated (ETI) (ETI.GH) raised $566 million in its share and rights issue late last year, far short of the $2.5 billion targeted, a broker involved in the operation said on Wednesday.
SINGAPORE - U.S. oil prices fell toward $36 a barrel on Tuesday as bleak economic indicators in Asia returned focus to the worldwide oil demand slump.
Following Monday's news that Japan's economy shrank by the most in 35 years, a Reuters poll showed confidence among manufacturers remained mired near record lows and service sector sentiment fell to its poorest ever.
Concerns over weak oil co...
On Tuesday two oil flowstations operated by Royal Dutch Shell Nigeria's Niger Delta were attacked by gunmen three security sources said, Reuters reported.
GENEVA - Mobile telephones are seen as a basic necessity around the world and should enjoy persistent strong demand throughout an economic downturn, a United Nations agency said in a report published on Monday.
With or without a recession, millions of people in India, China, Nigeria, and other emerging markets will seek out mobile phones, according to the International Telecommunication ...
GENEVA - Mobile telephones are seen as a basic necessity around the world and should enjoy persistent strong demand throughout an economic downturn, a United Nations agency said in a report published on Monday.
With or without a recession, millions of people in India, China, Nigeria, and other emerging markets will seek out mobile phones, according to the International Telecommunication ...
In 2008, piracy off the coast of Somalia rose nearly 200 percent compared to the previous year.
Africa has seen its worse outbreak in nearly a decade with more than 2,000 people dead from Cholera and 40,000 others suffering from this normally preventable illness.
Rebels in Congo fought pro-government militiamen in the eastern Democratic Republic of Congo on Friday in a gunbattle that left six people dead.
Crude oil futures ended with gains on Thursday as speculation rose that a renewed strike in Nigeria may curb supplies.
Crude oil fell on Monday from a record over $126 a barrel as slumping crude imports from China concerned investors that recent high prices may be weighing on demand.
