12 December 2018, Sweetcrude, Lagos — 11 Plc and Conoil equity prices dropped in Wednesday's trading at the Nigerian Stock Exchange. 11 Plc led the losers' category with 8.8k followed by Conoil with 2.25k. On the gainers' side, Forte Oil led with ...


A Review of The Nigerian Energy Industry

NEWSLETTER -  Wed, Dec 12 2018

11 Plc, Conoil shares drop

11 Plc, Conoil shares drop
12 December 2018, Sweetcrude, Lagos — 11 Plc and Conoil equity prices dropped in Wednesday’s trading at the Nigerian Stock Exchange. 11 Plc led the losers’ category with 8.8k followed by Conoil with 2.25k. On the gainers’ side, Forte Oil led with 1.95k followed by Eterna, Oando and Japaul Petroleum. Top Gainers Forte: 1.95k Eterna: 0.35k …...

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Oil pares gains as U.S. inventory draw smaller than expected

Oil pares gains as U.S. inventory draw smaller than expected
12 December 2018, News Wires — Oil pared gains Wednesday after U.S. crude inventories fell less than expected, but remained supported by a cut in Libyan exports and an OPEC-led deal to trim output. U.S. crude stockpiles fell by 1.2 million barrels in the week to Dec. 7, the U.S. Energy Information Administration said, smaller …

      

Iranian oil exports have improved since early November: Iran president

Iranian oil exports have improved since early November: Iran president
12 December 2018, News Wires — Exports of Iranian oil have improved since early November, Iran’s president Hassan Rouhani said in a statement broadcast live on state TV on Tuesday. The United States imposed sanctions on Iran’s oil industry in early November and U.S. officials have said they want to reduce Iran’s oil exports to zero. …

      

China, U.S. discuss road map for next stage of trade talks

China, U.S. discuss road map for next stage of trade talks
12 December 2018, News Wires — China and the United States discussed a road map for the next stage of their trade talks on Tuesday during a telephone call as a report that China is moving to cut tariffs on American-made cars boosted automakers’ shares. U.S. President Donald Trump and Chinese President Xi Jinping agreed at …

      

Russia sees modest oil output cuts in January

Russia sees modest oil output cuts in January
12 December 2018, News Wires — Russia plans to cut its oil output by at least 50,000 to 60,000 barrels per day (bpd) in January, its energy minister said on Tuesday, less than its final target under a global production deal reached last week, aiming for gradual, smooth reductions. This would mean Russian oil output coming …

      

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About SweetCrude

Sweetcrude is a review of the Nigerian energy industry. The publication has evolved to become the voice and watchdog of industry, reporting all spectrum of the energy chain in-country and serving as an interface between the Nigerian energy industry and that of Europe, the Middle-East and the American continent.


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