Royal Dutch Shell PLC posted 18 percent upsurge in the second quarter, apparently boosted by the asset sales and increases margins at oil refineries.
Shell's net profit surged to $8.67 billion, which is a record for quarterly earnings in...
Tag - Nigeria
Oil prices are surging incessantly, thanks to political mishmash among the oil producers.
Currently, oil is available at $75.57 a barrel and it is highly anticipated that very soon it will cross the three digit marks. The Goldman Sachs Group has...
Soaring oil prices seem to break all previous records when the market witnessed a nine-month high near US$72.
This recent surge is apparently pushed by a strike threat in Nigerian oil field and a mounting pressure for imposing tougher sanctions...
Increasing oil prices are forcing consumers to lose the weight of their pockets. Two consumer groups unveiled that in 2006 U.S. families paid $1,000 more on average for gasoline than in 2001, as higher oil prices ate up a hefty portion of the income....
U.S. gasoline prices raised to a record $3.10 a gallon topes all time high $3.07 a gallon in September 2005 after Hurricane Katrina disrupted refinery operations and oil production along the Gulf Coast. The price increased for regular unleaded...
Several of the big names in the oil industry failed to turn up at the auction of oil blocks that the Nigerian government undertook yesterday. The outgoing Nigerian government put up for auction nearly 45 oil exploration licenses on Friday, but...
Oil prices slashed below $62 a barrel, despite a rally fired by rebels on Nigeria's oil industry that halts up to 150,000 barrels per day of exports.
Rebels blew up several pipelines on an oil export terminal in Niger Delta, which hinder the...
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