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U.S. Stockpiles More Oil From Nigeria, Crashes Commodity Below U.S.$97

"The concerns in Europe are going to create a lack of confidence again," said Jonathan Barratt, managing director of Commodity Broking Services Pty in Sydney, who predicted oil will average $100 this year.

Conspiracy or Accident, Threat to Ghana’s $584 Million Oil Revenue

The desire of Ghana to rake in $584 million from oil revenue in the 2011 fiscal year appears to be in danger following the discovery that the metering system on the export line at the Jubilee Fields is defective.

Kenya-Uganda Oil Pipeline Project at Stake

Political instability in Libya is beginning to take a heavy toll on the progress of the Kenya Uganda oil pipeline — one of the...

Ugandan Government Needs Sh31 Billions for Oil Pipeline

THE Government is seeking sh31.3b to compensate persons in the gazetted Kenya-Uganda oil pipeline corridor. The energy and mineral development state minister, Peter Lokeris, said...