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Africa Crude Oil News is an EIN News Service for energy industry professionals. Constantly updated news and information about Africa Energy.
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Latest Africa Crude Oil News

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  • Curse of oil: We're learning from Nigeria's mistakes - kuffour 7 Nov 2009 00:10 GMT
    ... that his country was learning fast from Nigeria’s experience to ensure that oil did not ... against the backdrop of recent discovery of crude oil in commercial quantities in Ghana,and what role ... of leadership crisis on the continent of Africa. Kuffour said much of the political crisis ...

  • Bangladesh to import diesel from Egypt 7 Nov 2009 10:34 GMT
    ... State-owned Bangladesh Petroleum Corporation (BPC) will buy 60,000 ... tonnes of diesel from a supplier in Egypt for consumption during January-June period of next ... annually, including about 1.4 million tonnes of crude oil at a cost of $2 billion to ...

  • Lagos chamber canvasses favourable business environment for private sector 7 Nov 2009 09:37 GMT
    ... Lagos chamber canvasses favourable business environment for private sector ... realisation of the enormous potentials in the Nigerian economy,” he saidHe said that the theme ... Federal Government instead of depending solely on crude oil. This would enable Nigeria to forestall the ...

  • JTF Intercepts 25,000 Litres of Crude Oil 3 Nov 2009 13:12 GMT
    ... Yenagoa — JOINT Military Task Force (JTF) code-named ... Force (JTF) code-named Operation Restore Hope in Niger Delta has intercepted 25,000 litres of crude oil valued at millions of naira along the ...

  • Weekly crude oil report: Nov. 2, 2009 3 Nov 2009 01:30 GMT
    ... Crude oil prices took a sharp turn last week, ... which began with a cease fire in Nigeria’s key oil producing region. The dollar, which ...

  • Weekly Crude Oil Report-11-2-09 2 Nov 2009 17:16 GMT
    ... Crude oil prices took a sharp turn last week, ... which began with a cease fire in Nigeria's key oil producing region. The dollar, which ...

  • Tapis returns leadership: REVIEW of 13 world oil prices 2 Nov 2009 14:56 GMT
    ... Last week, oil prices distinguished with high volatility on ... U.S. and China. Bonny Light, produced in Nigeria was by $0.6 per barrel cheaper than ... following 11 grades of oil: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), ...

  • Factbox: China's oil and mineral deals in Africa 6 Nov 2009 04:30 GMT
    ... Factbox: China's oil and mineral deals in Africa Two days ago at 10:23 | Reuters ... (CNMC) pledges to invest $400 million in Zambia's Luanshya Copper Mines after formally taking over ... in Angola's Block 18. July 2004 -- Algeria grants three exploration blocks to China's top ...

  • FACTBOX-China's oil and mineral deals in Africa 4 Nov 2009 04:50 GMT
    ... (For full coverage of the Africa-China summit, click [ID:nAFRICACN]) Nov 4 (Reuters) - ... (CNMC) pledges to invest $400 million in Zambia's Luanshya Copper Mines after formally taking over ... in Angola's Block 18. July 2004 -- Algeria grants three exploration blocks to China's top ...

  • Canadian Natural Resources Limited Announces 2009 Third Quarter Results and 2010 Budget 5 Nov 2009 10:30 GMT
    ... 1.6x, which is below our targeted range. Crude oil prices and the heavy oil differential remained favorable, and ... will complete the Olowi development in West Africa and resume platform drilling in the North ... $ 4.46 $ 8.83 (1) Refers to West Texas Intermediate (WTI) crude oil barrel priced at Cushing, ...

  • FACTBOX - China's relations with Africa 2 Nov 2009 05:10 GMT
    ... ASEAN... Chinese Premier Wen Jiabao heads to Egypt this week to attend the second Africa-China summit. Here are some facts about ties ... a handful of countries: Angola, Sudan, Nigeria, Zambia, the Democratic Republic of the Congo and ...

  • WTI is losing its glitter as a global oil price measure 4 Nov 2009 02:50 GMT
    ... US, whereby Saudi Arabia has dropped the West Texas Intermediate contract, was that it took so long ... in the Americas, Brent in Europe and Africa, and Dubai and Oman in the Middle ... the world - East Asia. Virtually all crude oil sold from the Middle East into Asian markets, including ...

  • Global oil yardsticks shaken by Saudis 3 Nov 2009 03:31 GMT
    ... global benchmarks - Europe's Brent and US-based West Texas Intermediate. As much as three quarters of the ... crudes traded globally. Petroleum Intelligence Weekly's International Crude Oil Market Handbook , a traders' bible, lists almost 200 ... physical oil flows, dominating the European and African markets. A quarter of the world's oil ...

  • Europe Gasoline-Firms as West Africa demand offsets US arb 2 Nov 2009 18:40 GMT
    ... on Monday as expected demand from West Africa offset the limited arbitrage opportunities to the Untied ... opportunities to the Untied States for November. "Nigerian demand for gasoline is healthy, but maybe ... Eurograde gasoline prices were limited, compared with crude oil and its crack to dated Brent BFO- ...

  • 3 Big Investment Winners Gearing up for 2010 2 Nov 2009 18:33 GMT
    ... It's only eight weeks till Christmas, and time to ... well. Commodities like ... Pick #1 Crude Oil, the Lifeblood of Civilization Our civilization runs ... people who hate us. The fact is, Nigeria, another big supplier of U.S. oil, is ...


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