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UNBELIEVABLE!!! You Won’t Believe How Much FG Paid To Oil Marketers To End Crisis

Apparently, oil marketers didn’t just agree to call off the strike, the Federal government had to step into the matter and they reached a consensus, which oil suppliers claims Nigeria’s outgoing government has agreed to pay $800 million to end a fuel crisis crippling the economy.The Associated Press reports that chaos reigned Tuesday at Nigerian airports, where most flights were cancelled due to the shortages. 76 more words


Oil and Gas Accumulator Market: Global Industry Analysis and Forecast Till 2025 by FMI

The global oil & gas accumulator market is expected to grow significantly in coming years, despite recent plummeting of crude oil market. With an increase in crude oil prices, the drilling activities across the globe are expected to pick up pace, resulting in an increase in the global oil & gas accumulator market. 450 more words



Crude futures rose on Wednesday to recover ground from sharp drops in the previous session, boosted by expectations that U.S. crude stocks could fall for a fourth straight week. 48 more words



London copper climbed away from a four-week low on Wednesday as investors covered short positions, but gains were capped by a stronger dollar after improving U.S. 79 more words



Gold held near a two-week trough early on Wednesday after sliding almost 2 percent in the previous session as strong U.S. data suggested the Federal Reserve may be on course to raise interest rates this year. 6 more words


More news from Saudi Arabia

Two new stories emerge today that underline a new dominance that Saudi Arabia is creating in the Oil Industry.

It is well known that as the most influential oil producer in the World, the actions of Saudi Arabia have significant influence over the global crude oil price (crude oil is a stabilised product that is sold to refineries around the world to be turned into ‘refined’ products such as gasoline, kerosene, diesel etc.). 506 more words


Paul J Chapman reblogged this on Paul J Chapman and commented:

Here's a recent story from my Chemical Engineering blog that you might be interested in...


Long-dated U.S. Treasury bond yields were on track for their biggest daily fall in over a week on Tuesday after the U.S. dollar strengthened on expectations of a Federal Reserve interest rate hike this year. 35 more words