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OPEC Meeting in Algeria Will discuss ways on how to stabilize the Oil Market—Saudi Arabia

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Saudi Arabia will work with OPEC and non-OPEC members to help stabilize oil markets, it said on Thursday a month ahead of an informal meeting of major producing…

Here is How the Looming fall in Oil Demand Could Trigger Another Market Slump

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By Gaurav Sharma… Towards the middle of the current trading year, a glut ridden oil market had started showing some signs of rebalancing. Decline in US oil production…

Price Slump opening way for Private Equity firms to Enter Oil industry—Ernst and Young Report

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A recent report by Business Consultants Ernst and Young indicate that Private equity (PE) firms are preparing to invest in global oil and gas sector despite the recent slump…

Global Oil Industry Analysts Goldman Sachs say Disruptions Like Nigeria Pipeline attacks Will resurrect Prices

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Oil prices have been kept at low levels largely due to the glut in global supply. While low prices have been bad news for the industry and the…

Nigeria Militant Group Bombing Oil Pipelines Says it won’t Stop Until Companies Exit Oil-rich Delta Region

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Nigeria’s armed group which has claimed responsibility of bombing oil pipelines in the Niger Delta told the nation’s authorities it may turn violent if companies continue to operate…

Positive Impact of Nigeria Oil War? Cut in Production has resurrected Oil Market Prices

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Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attacks on Nigerian oil infrastructure tighten supplies, but…

South Sudan and Khartoum to revise Crude Oil transit charges on prevailing prices—Official

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South Sudan has revised Oil transit charges with its neighbor Sudan on the basis of prevailing crude oil prices, Officials have said. In August 2013 South Sudan agreed…

Expert; How East Africa is paving way in the spotlight and changing Africa’s Oil map

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By Thangapandian Srinivasalu Africa produced 8.2m b/d of crude last year – 76% came from Nigeria, Algeria, Egypt and Angola, according to PricewaterhouseCoopers’ (PWC) 2015 Africa Oil &…

Iran Determined to raise Oil output as Sanctions are lifted

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From Agencies… Iran is determined to raise its oil output as planned as soon as sanctions on its oil industry are lifted, Mehdi Asali, its representative to the…

Analysis: Will Kenya be a Rule-Maker or rule-taker in the ‘uncertain’ Crude oil Business?

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By Hez Gikang’a  The big economic and financial news of 2016 is the complete rout of crude oil benchmark prices after prices hit an all-time decade low of…