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Nigeria Issues Tender for Sale of Crude Oil Through 2013

Nigerian National Petroleum Corp., the state-owned oil company, invited bids for the sale of crude oil for loading from June 1, 2012 to May 31, 2013, the Abuja- based company said. “Applicant must ...

Iran Stops Exporting Oil to British, French Companies as Tension Increases

Iran halted crude sales to French and British buyers to pre-empt a European Union ban on imports of its oil, just as OPEC’s second-biggest producer negotiates supply contracts with China. Iran “will give ...

Nigeria’s Cocoa Output Threatened by Shortage of Insecticide

Cocoa production from Nigeria, the fourth-biggest producer, is threatened by the shortage of an insecticide to fight mirids, the country’s cocoa association said. Wet weather has brought on an onslaught of mirids, insects ...

NIgeria Cocoa Output to Decline 20% due to Heavy Rains

Olam International, the Agriculture trading company based in Singapore which recently acquired Titanium holdings, the largest producer of biscuits and sweets in Nigeria has stated that the cocoa output this season may ...

Crude Oil May Hit $150

Crude Oil may hit $ 150/barrel in 2012 on the back of increasing volatility in major producing Nations such as Nigeria and embargo on crude out of Iran. Many commodity analysts when ...

Oil Prices Up on Nigeria Strike Concerns, Iran Tension

Crude Oil prices shot up yesterday due to a statement issued by the head of PENGASSAN, Mr. Babatunde Ogun. Also concerns on Iran-West tensions are on the increase after an Iranian nuclear ...

Nigerian Strike Drive Cocoa Prices to Highest in 11 years

The ongoing labour strike in Nigeria has contributed to drive the price of Cocoa to highs not seen in 11 years. Government processing offices that usually grade Cocoa before export are closed ...

Crude Oil Prices Rise on Iranian Threats, No impact seen from Nigeria strike

Crude Oil prices have risen for the first time in four days on speculation that the planned embargo on Iranian cargoes may disrupt supply. The quote price of West Texas Intermediate was ...

Chinese New Year of the Dragon to Boost Demand for Gold

China, the second-largest gold-jewelry market after the United States, is expected to increase iits consumption by as much as 35% according to Frost & Sullivan, a global research and consulting company. Chinese ...

Gold Prices Plummet Due to Eurozone Crisis, Profit-taking

The price of gold continues to plummet due to strong growth in the value of the dollar. The European financial crisis continues to take a toll on the Euro and strengthen USD/EUR ...