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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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  • Crude oil prices slip as traders take profits 26 Nov 2009 10:36 GMT
    ... WORLD oil prices slid today on profit-taking after a ... dollar, analysts said. New York’s main contract, light sweet crude for January delivery, retreated 99 cents to ... world’s biggest energy consumer. Meanwhile, OPEC member Algeria said the oil cartel was likely to maintain ...

  • Crude oil prices drop as traders take profits 26 Nov 2009 13:54 GMT
    ... New York's main contract, light sweet crude for January delivery, retreated 1.01 dollars to ... world's biggest energy consumer. Meanwhile, OPEC member Algeria said the oil cartel was likely to maintain ...

  • MCX crude oil pares previous losses 26 Nov 2009 08:19 GMT
    ... Crude oil futures pared its previous losses Thursday in ... 337.8 million in the week to Nov. 20.Nigeria will export an average of 2.01 million ...

  • African Markets - Factors to watch on Nov 26 26 Nov 2009 05:50 GMT
    ... market moves and political events may affect African markets on Thursday. - - - - ... of 5.8 percent over the last decade. NIGERIAN STOCKS Nigeria's Diamond Bank said on Wednesday ... governor on his outlook for the economy. ZAMBIA Zambia Central Statistical Office due to releases monthly ...

  • Oil lower in Asia trade on profit-taking 26 Nov 2009 05:13 GMT
    ... SINGAPOREOil was lower in Asian trade Thursday after ... dollar, analysts said. New York's main contract, light sweet crude for January delivery, fell 50 cents to ... world's biggest energy consumer. Meanwhile, Opec member Algeria said the oil cartel was likely to maintain ...

  • Oil prices slip as traders take profits 26 Nov 2009 10:40 GMT
    ... Oil prices slip as traders take profits World oil ... the weak dollar. New York's main contract, light sweet crude for January delivery, retreated 99 cents to ... world's biggest energy consumer. Meanwhile, OPEC member Algeria said the oil cartel was likely to maintain ...

  • Environmental rights activist charges FG on post-oil era 26 Nov 2009 00:59 GMT
    ... BENIN — EXECUTIVE Director of the Environmental Rights Action/Friends ... the Environmental Rights Action/Friends of the Earth, Nigeria (ERA/FoN), Mr. Nnimmo Bassey has called on ... ahead in the event of the country’s crude oil resource being exhausted. Executive Director of the ...

  • How the Country Can Avoid Becoming a Petro State [analysis] 26 Nov 2009 14:15 GMT
    ... dominated and dependant on the export of crude oil and, or gas resources and whose pre-existing ... and war. It is a pity that African states that have had oil before Uganda ... out or killed by oil such as Nigeria, or have not been developed because of ...

  • Budget: FG expects N6.04trn revenue in 2010 26 Nov 2009 00:31 GMT
    ... By Emmanuel Aziken, Luka Binniyat & Inalegwu Shaibu ABUJA ... another N2.66 billion is set aside for crude oil pre-export expenses leaving a balance of N3.332 ... attitudes of civil servants as reasons why Nigerians will still be denied the full benefits ...

  • Oando' s third quarter profit up 15% 26 Nov 2009 00:59 GMT
    ... Oando Plc, one of the Nigeria’s leading integrated energy provider, has recorded 19 ... & Production division lifted its maiden equity crude oil cargo from OML 125. The Energy Services ...

  • SA 'not out of woods yet' 26 Nov 2009 07:17 GMT
    ... inflation (CPI) has returned to the South African Reserve Bank's (Sarb) target range of three ... oil price base effects. "In December 2008, Brent crude oil dipped to USD40 per barrel, but has ...

  • Govt Expects Revenue of Trillions in 2010 26 Nov 2009 07:35 GMT
    ... Abuja — DETAILS and revenue estimates for the 2010 ... another N2.66 billion is set aside for crude oil pre-export expenses leaving a balance of N3.332 ... attitudes of civil servants as reasons why Nigerians will still be denied the full benefits ...

  • Govt Projects N6.2 Trillion Federally Collectible Revenue [analysis] 26 Nov 2009 14:35 GMT
    ... Abuja — The 2010 fiscal year gross federally collectible ... to fund its proposed expenditures and deficits. Crude oil sales are projected to rake into the ... billion and Special Funds (4.18%)-N157.81 billion. Meanwhile, Nigeria will next year revive the $500 million ...

  • Stocks Tumble, Bonds Rally on Dubai; Credit-Default Swaps Soar 26 Nov 2009 13:55 GMT
    ... devalued the currency to curb inflation. South Africa’s rand weakened 1.7 percent against the dollar ... 19 months. The SNB declined to comment. Crude oil for January delivery fell 1.1 percent to $77.11 a barrel ...

  • Crude Oil Drops Below $76 as Weaker US Growth May Cut Demand 25 Nov 2009 06:16 GMT
    ... In the medium, long term we’re supported.” Crude oil for January delivery traded at $76.21 a ... the amount of supply in the market, Nigerian Petroleum Minister said yesterday. The African country was OPEC’s eighth-biggest producer in October, ...


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