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Oil News from around the web, $50 per barrel is too low for continued investment;Nigeria-Europe gas pipeline sparks fresh interest

Thursday, April 30th, 2009

))))) The Organisation of Petroleum Exporting Countries (OPEC) has warned that the current crude oil price, which hovers around $50 per barrel is too low for continued investment. The 12 member ...

$5 billion in funding for joint venture projects with foreign oil companies

Wednesday, December 3rd, 2008

Nigeria's draft 2009 budget includes $5 billion in funding for joint venture projects with foreign oil companies, President Umaru Yar'Adua told parliament on Tuesday. Funding shortfalls at state-run oil company ...

Oil News FYI @ 21st Nov. 08

Friday, November 21st, 2008

US light sweet crude fell to $49.62, while London-traded Brent crude fell to $48.90 a barrel. The price of oil is around two-thirds cheaper than in July, when it hit ...