Nigeria's top fuel retailer and gas distributor Oando Plc plans to raise 200 billion naira ($1.3 billion) through debt and equity over the next two years to expand its business, a senior executive said on Monday.
More than 700 people were killed during a five-day uprising by a radical Islamic sect in northern Nigeria and the search for bodies is continuing, Red Cross and defense officials said on Sunday.
U.S. Secretary of State Hillary Clinton plans to meet the president of Somalia's transitional government during a seven-nation trip to Africa next week, the State Department said on Monday.
India's leading oil producer ONGC has hired Citigroup to advise it on a bid for Kosmos Energy's stake in an oil field in Ghana in a deal that could be worth between $3 billion and $5 billion, sources familiar with the deal said.
Oil prices rose by around 1 percent to above $60 on Tuesday as renewed confidence across financial markets helped to reverse some of last week's falls.
Oil prices rose by around $1 dollar to above $60 on Tuesday as renewed confidence across financial markets helped to reverse some of last week's falls.
G8 leaders pledged $20 billion (12.3 billion pounds) in farm aid to help poor nations feed themselves, surpassing expectations on the final day of a summit that has yielded little progress on climate change and trade.
Chevron Corp warned that second-quarter earnings would be hit by a sharp decline in U.S. refining margins and that any benefits from higher oil prices were largely offset by a weaker dollar, sending its shares down 1.8 percent.
Chevron Corp said on Thursday it expected second-quarter earnings to be hit by a sharp decline in U.S. refining margins, while better prices on the production side would be largely offset by foreign currency effects.
Oil rose above $64 a barrel on Tuesday, after falling for four consecutive sessions on doubts over global economic recovery and potential improvement in demand for fuel.
Oil eased below $64 a barrel on Tuesday, falling for the fifth consecutive session on doubts over global economic recovery and potential improvement in demand for fuel.
Oil edged down on Tuesday, on course for its fifth consecutive fall and longest losing streak since February, on worries about the economy that have brought the stock market rally to a halt and pushed the dollar higher.
Oil edged up above $64 a barrel on Tuesday, after four consecutive days of falls on worries about the economy that have brought the stock market rally to a halt and pushed the dollar higher.
Oil fell to below $65 a barrel on Monday and touched a five-week low earlier in the session, pressured by doubts over the prospects for a recovery in the global economy and energy demand.
Oil fell to around $64 a barrel on Monday and touched a five-week low, pressured by doubts over the prospects for a recovery in the global economy and energy demand.
Oil fell to around $64 a barrel on Monday and touched a five-week low, pressured by doubts over the prospects for a global economic recovery.
Swelling gasoline stocks and a far-bigger-than-expected rise in U.S. unemployment drove oil markets down more than $2 Thursday to below $67 a barrel.
Swelling gasoline stocks and a far bigger than expected rise in U.S. unemployment drove oil markets down around $2 on Thursday toward $67 a barrel.
Swelling gasoline stocks and a much bigger than expected rise in U.S. unemployment drove oil markets down more than a dollar on Thursday to below $68 a barrel.
A bigger than expected rise in U.S. gasoline stocks and a fresh focus on global financial weakness pushed oil markets down a dollar on Thursday to around $68 a barrel.
Oil rose above $71 a barrel on Wednesday following a large drop in crude inventories in the United States, the world's top energy consumer, and output disruptions from militant attacks in Nigeria.
Oil rose above $71 a barrel on Wednesday following a large drop in crude inventories in the United States, the world's top energy consumer, and output disruptions from militant attacks in Nigeria.