LONDON – Barclays PLC is shutting down its U.S. and European power trading desks, continuing a retreat begun last year while it fights a $435 million...
ABUJA – Suspended Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, has dragged President Goodluck Jonathan before a Federal High Court in Abuja over...
TORONTO – Malaysia’s Petronas has agreed to sell a 25% stake in its Canadian shale gas assets to unnamed companies from India and Asian, the state...
NEW YORK – Though it is more science than art, “steady increases in the production of natural gas, crude oil and alternative-energy have moved the United...
NEW YORK — The dollar fell against the Japanese yen Tuesday, taking cues from moves in U.S. stocks. “The dollar-yen is just tracking [the S&P 500]...
JOHANNESBURG – Angolan state oil company Sonangol reportedly has decided to exit Iraq due to security concerns, with Italy’s Eni also threatening to do the same...
TOKYO/ST LOUIS – Mt. Gox, once the world’s biggest bitcoin exchange, went dark on Tuesday, with its website down, its Tokyo office empty, and a cryptic...
JOHANNESBURG – Nigerian conglomerate Dangote Group is to build a cement factory in Yamba, southern Congo, in an investment worth 292.9 million dollars, its Chief Executive...
NEW YORK – Brent futures eased on Tuesday as US crude stockpiles rose for a second straight week, but held above $110 per barrel on concerns...
ABUJA – The Nigerian National Petroleum Corporation (NNPC) on Tuesday debunked claims that the corporation connived with Swiss oil companies to defraud Nigeria. Mr Andrew Yakubu,...
