Post Tagged with: "Production outages"

Source: Reuters

Oil slides 2% on worries about weak demand

Reuters


CALGARY, Alberta – Oil prices fell on Tuesday on concerns about weak demand in the United States and Asia, although ongoing production outages on the U.S. Gulf Coast helped to limit losses.

Industry analysts said a strengthening U.S. dollar …

WTI Nears $50 as Nigerian Supply Drops

WTI Nears $50 as Nigerian Supply Drops

Niger Delta Avengers bomb Shell and Eni pipelines

A militant group calling itself the Niger Delta Avengers continues to attack oil and gas infrastructure in Nigeria in a bid to undermine the current presidential administration. On Friday, the group bombed …