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Africa Oil Trading News is an EIN News Service for oil and gas industry professionals. Constantly updated news and information about Africa Oil & Gas.
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Latest Africa Oil Trading News

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  • Crude Oil Declines to Seven-Week Low as the Dollar Surges 5 Dec 2009 07:18 GMT
    ... Dec. 4 (Bloomberg) -- Crude oil fell to a seven-week low as the ... in Cairo before a meeting of Arab petroleum ministers. Inventories of oil “are coming down,” ...

  • Saudi hails 'perfect' oil price, stable market 5 Dec 2009 16:15 GMT
    ... Saudi Arabia said on Saturday that oil prices were "perfect" and the global market ... ministerial meeting of the Organisation of Arab Petroleum Exporting Countries (OAPEC). Kuwaiti Oil Minister Sheikh ... prices jumped above 80 dollars before easing. Crude prices tumbled on Friday in volatile trade, ...

  • Obama should apologize to Africa (Part 1) 5 Dec 2009 05:10 GMT
    ... apologised to Black Americans for the slave trade because undoubtedly the slave trade benefited America ... Africom? What about the interest of American oil companies in Angola, Equatorial Guinea, the Niger Delta ... the Bush personality was a bit too crude and, in some respects, robust for the ...

  • Placécol USA Releases Renaissance® Skin Care Formulated in South Africa for the Unique Needs of Wome 5 Dec 2009 12:16 GMT
    ... Of Colour formulated and developed in South Africa. The Placécol Renaissance® ® skin care range ... to the contrast between the light coloured oil and the dark skin. Blackheads, white heads and ... Facial Wash Placécol Renaissance® Radiance Toner with Rhodiomax™ Placécol Renaissance® DualAction Exfoliator with Micro-Sponges Placécol Renaissance® ...

  • Arab OPEC members agree to maintain production 5 Dec 2009 14:04 GMT
    ... support for maintaining production quotas, saying the oil price is satisfactory and the market is stable. ... jumped above US$80 a barrel before easing. Crude prices tumbled on Friday in volatile trade, succumbing to a stronger dollar following an ...

  • Riches to Rags [opinion] 5 Dec 2009 14:08 GMT
    ... time, following decolonisation, Zambia was perceived as Africa's progress icon. Classified as late as 1979, ... declining in the early 1970s following the oil crisis of 1973 and the slump in global ... Movement for Multiparty Democracy (MMD) led by trade unionist Frederick Chiluba succeeded in removing Kaunda, after ...

  • Ebeling Heffernan Issue Strong Buy on Sinopec (NYSE:SHI) 5 Dec 2009 14:10 GMT
    ... company. The Company’s integrated petrochemical complex processes crude oil into a range of products in four ... fibers, resins and plastics, intermediate petrochemicals, and petroleum products. It is a producer of synthetic ...

  • The Hostage Business 5 Dec 2009 05:55 GMT
    ... and possesses vast amounts of light, sweet crude . John, who specialized in offshore engineering ... back in Aberdeen, the heart of Europe's petroleum industry (thanks to North Sea oil). Nigeria's proven reserves are the 10th largest ...

  • Betrayal on every page 5 Dec 2009 02:11 GMT
    ... Aleppo (in northern Syria) was a major trade centre, so well-known that when Shakespeare, in , ... carved them up. When Napoleon arrived in Egypt in 1798, he told the people he ... population. Then, in the 1970s, along came oil and the possibility of Arab power. Except that ...

  • TBS International Limited Shareholders Approve Change in Place of Incorporation 5 Dec 2009 14:56 GMT
    ... as TBS is today. TBS-Ireland's shares will trade on the Nasdaq Global Select Market under ... changes in production of or demand for oil and petroleum products, crew wages, insurance, provisions, repairs and ...

  • Sinopec, Exxon sign deal for Papua New Guinea gas 5 Dec 2009 04:31 GMT
    ... financial details. Sinopec, also known as China Petroleum & Chemical Corp., is China's second-biggest oil and gas company and Asia's biggest oil ... oil refiner by volume. Its shares are traded in New York, London, Hong Kong and ...

  • Polygamy nearly ruined my life - Shittu 5 Dec 2009 09:54 GMT
    ... Polygamy nearly ruined my life - Shittu Olayiwola ... I intended to go there to read Petroleum Engineering. But I am happy, even among ... of the frontliners. I was involved in trade union activities. When I was in Warri, ...

  • Research Update: Grasim, Zensar, Alphageo, Apollo Tyres 5 Dec 2009 10:52 GMT
    ... At the current market price the stock trades at a price/earnings of 11.3x FY2011 earnings ... the current market price, the stock is trading at 6.2x FY2010 earnings estimate and 5.6x ... of Rs 390 million orders from the Oil and Natural Gas Corporation (ONGC) in Cauvery basin ...

  • Desert Mirage 5 Dec 2009 04:31 GMT
    ... night sermons. Why would a Saudi prince trade that for an invitation to dine in Jerusalem? ... and not break bread with the Jews. Egypt is proof of that. After reaching a ... the Middle East keeps the price of oil higher than it would be were a durable ...

  • UPDATE - ECB'S Bini Smaghi: euro zone recovery gradual 5 Dec 2009 02:11 GMT
    ... A deal to end the world's longest-running trade dispute over import tariffs on bananas is ... 23 arbitration claim by the second-largest U.S. oil company, Chevron, which opened a new front ... the environment and their health while operating petroleum facilities in the region. Britain's top share ...


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