09/14/2008 08:25AM
LONDON (Dow Jones)--Militants Sunday threatened to attack all oil vessels and facilities in the Niger Delta, saying they have already targeted a Chevron Corp. (CVX) facility as a response to what they said was a full-fledged offensive by the Nigerian army.
In an e-mail Sunday, the main militant group
06/20/2008 08:19PM
NEW YORK (Dow Jones)--As the focus of the global economy tilts toward oil-price talks in Saudi Arabia this weekend, consider a chilling set of numbers that speak to why oil prices are near $140 a barrel.
Oil output in four of the top five suppliers to the U.S. - the world's biggest oil consumer - dropped
05/26/2008 09:53AM
LONDON (Dow Jones)--ICE Brent crude oil futures rose over $1 a barrel Monday in London after a militant attack on a Nigerian pipeline renewed concerns over the country's oil supply. But the market remained sluggish as public holidays in the U.K. and U.S. sidelined many participants. At 1431 GMT, the
05/02/2008 05:45AM
NEW YORK (Dow Jones)--Crude oil prices have dropped 8% from their recent record high near $120 a barrel, but the sell-off may be short-lived as the impact of supply outages combines with rising seasonal demand.
Although the U.S. appetite for oil in the first quarter was the weakest since the fourth
04/29/2008 05:30PM
IBADAN, Nigeria (Dow Jones)--A second day of negotiations failed Tuesday to end the Mobil Producing Nigeria Unlimited, or MPN, workers' strike, a senior labor union official told Dow Jones Newswires.
But the talks are to resume again Wednesday. Top officials of the Nigerian National Petroleum Corp
04/27/2008 11:17AM
LONDON (Dow Jones)--The world oil market faced its biggest crude supply disruption in recent years as roughly 2.5% of global production was shut at the weekend because of labor disputes in Nigeria and the U.K. that showed few signs of ending soon.
The strikes over pay and pensions could be resolved
02/12/2008 06:27AM
DUBAI (Dow Jones)--Lost oil exports from Nigeria and renewed threats from Venezuela to cut off oil exports to the U.S. will be among the main factors driving the Organization of Petroleum Exporting Countries' next policy decision, OPEC officials said Tuesday.
The comments made to Dow Jones Newswires
01/14/2008 06:03AM
LONDON (Dow Jones)--ICE Brent crude oil futures traded over $1 higher in London Monday as renewed geopolitical concerns stoked traders' concerns of disrupted oil supplies, and countered fears of lower crude oil demand associated with a U.S. economic slowdown.
Prices edged higher after three days of
07/06/2007 06:33AM
LONDON (Dow Jones)--Brent crude oil futures climbed through $75 a barrel to hit an 11-month high Friday morning in London on a strong technical picture, concerns over supply from Nigeria and the still-tight U.S oil products market. Traders said the market is now beginning to look a little overbought