Tag: Oil

BUSINESS Commerce

Uganda Set To Rake In $15-20 Billion In Oil Investments

Uganda, a relatively new player on the international oil stage, expects to rake in investments in the amount of US$15-20 billion over the next three to four years, the executive director of the country’s petroleum Authority, Ernest Rubondo said at a conference in South Africa. Earlier this month, Nigerian Oranto Petroleum sealed two production sharing deals in Uganda to explore for hydrocarbons around Lake […]

BUSINESS Commerce

Oil Prices Make Upward Move

Oil prices make an upward move on Friday, recouping some of the prices loss during the week. This comes ahead of the expiration on Tuesday of the September futures contracts for West Texas Intermediate oil. September WTI crude rose 54 cents to trade at $47.63 a barrel on the New York Mercantile Exchange after trading as low as $46.78. Yvad […]

Food HEALTH/FOOD

The Truth About Baldness And Castor Oil

The use of castor oil has been gaining popularity over the past few years. However, castor OIL has been produced from time immemorial for all manner of uses ranging from food and preservatives to propelling jet engines. Today, one of the questions being asked in blogosphere is whether or not castor oil can cure baldness. The simple answer is no; […]

BUSINESS Commerce

Oil Price Hits Lowest Level

Oil traded on Friday at its lowest level in about three weeks, with prices set to suffer their largest weekly loss in a month as rising U.S. production and President Trump’s withdrawal from the Paris climate accord add to concerns of a persistent supply glut.  On the New York Mercantile Exchange, West Texas Intermediate crude slid 84 cents, or 1.7 […]

BUSINESS Commerce

Oil Prices Climb

Oil prices headed higher on Friday on the heels of a fresh slide to one-month settlement lows, but still looked set to register a second straight monthly decline. June West Texas Intermediate crude rose 26 cents, to $49.23 a barrel on the New York Mercantile Exchange. Nigel Belle, Readers Bureau, Fellow Edited by Jesus Chan Do you want to add […]

TRAVELOG

7 Wonders Of Trinidad And Tobago

Trinidad and Tobago officially referred to as the Republic of Trinidad and Tobago, is a twin island country located off the northern edge of the South American mainland, near the coast of northeastern Venezuela and 81 miles south of Grenada. Trinidad was a colony of Spain until the British arrival in 1797. During the same period, the island of Tobago […]

BUSINESS

Plunging Oil Prices Taking A Toll On Some Companies

Plunging oil prices have been blamed for a sharp rise in the number of U.K. oil and gas companies going bust. According to research by the accountancy firm Moore Stephens, last year, 28 oil and gas service firms entered insolvency, up from 18 in 2014. Moore Stephens said the increase was an almost inevitable result of the drop in the oil price […]

BUSINESS

Oil Price Slide Continues

There is no letup in the slide of oil prices as the markets weakened last week. The latest report come amidst new signs that the Organization of the Petroleum Exporting Countries (OPEC) will continue to value market share over prices, which in turn outweighed expectations of a lift when the United States kept interest rates at historic lows. US West […]

NEWS

Oil Price Sinks To New Low

The price of  oil fell to a four-month low on Mondy, influenced by  continued fears that stock market issues in China could hit demand for the fuel in that country. Oil for delivery in September closed trading at a price of US$47.39 a barrel. That’s down 75 cents from Friday. At current prices, oil is the lowest it has been […]