Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades.
Asian and early European trading was boosted by the more positive Chinese economic data, which may indicate early success in government stimulus efforts and potentially more oil demand in the world’s number two economy. China’s crude oil throughput rose to a record of 13.07 million barrels per day in June, up 7.7 per cent from a year earlier, following the start up of two new, large refineries, official data showed on Monday.The worst in 27 years signalled the impact of trade tensions with Washington and raised the possibility that more incentives might be needed to jumpstart the economy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil Prices Nudge Up On Chinese Economic DataOil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades. Brent crude futures LCOc1 rose 40 cents, or 0.6per cent, to $67.12 a barrel by 0923 GMT, while U.S. crude CLc1 was up 19 […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Oil Spill: Bayelsa communities slam oil firms over neglect | The Guardian Nigeria News - Nigeria and World NewsThey also lamented years of oil spillages that have destroyed their environment, aquatic life, as well as air and water pollution and called on the Bayelsa State Oil and Environmental Commission and international communities to come to their rescue. ... For me I think they should stop drilling the oil. Fix the problem first... FUPRE Energy Solutions (Nig) Ltd (FESL) can provide 'Crude Oil Spill Clean-up & Remediation' services... just put yourself in these people's shoes. No good water, no arable land, no fish, bad under ground water, polluted fauna etc This land is the only place they will forever call their own now and to the unborn generation in Millenia to come. Hmmm.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
We won’t allow Benin take oil-rich Tongeji Island - AbiodunGovernor Dapo Abiodun of Ogun State has declared that his administration would not allow the-oil rich Tongeji Island, an island that shares boundary Don't let Buhari hear that! Hmmmm!!! Finally, someone's brains are working in Ogun state government house. State and federal government should partner and build a bridge to connect Tongeji island to the nearest mainland in Ipokia LGA. Can you fight us?
Source: TheNationNews - 🏆 6. / 69 Read more »
UK Parliament Holds Session On Bayelsa Oil SpillsThe effort to internationalise the campaign against environmental injustice in Bayelsa State has caught the attention of the United Kingdom Parliament with the Africa All Parliamentary Group (AAPPG) holding a session to discuss the impact of oil spills in the state. The event was chaired by Chi Onwurah, a Member of Parliament and chair of […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
How poor disclosure, delayed passage of PIB mar Nigeria's oil licencing exerciseThere are 42 licences due for renewal in 2019. The licences comprise of 35 Oil Mining Leases (OML) and seven Oil Prospecting Licenses (OPL).
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Oil companies under fire as monarch reveals what'll soon happen to Niger Delta - Daily Post NigeriaThe paramount ruler of Kaiama community in Kolokuma/Opokuma Local Government Area of Bayelsa state, HRH Jerry Burutolu, has raise alarm over the possibilit
Source: DailyPostNGR - 🏆 11. / 59 Read more »