• 3 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 7 minutes Saudi and UAE pressure to get US support for Oil quotas is reportedly on..
  • 11 minutes China devalues currency to lower prices to address new tariffs. But doesn't help. Here is why. . . .
  • 15 minutes What is your current outlook as a day trader for WTI
  • 1 hour In The Bright Of New Administration Rules: Immigrants as Economic Contributors
  • 5 hours Will Uncle Sam Step Up and Cut Production
  • 1 min Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 10 hours Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 10 hours Gretta Thunbergs zero carbon voyage carbon foot print of carbon fibre manufacture
  • 2 hours * 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on terrorism, wars, lopping off heads * Too late now
  • 5 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 10 hours Continental Resource's Hamm wants shale to cut production. . . He can't compete with peers.
  • 16 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 24 hours Significant: Boeing Delays Delivery Of Ultra-Long-Range Version Of 777X
  • 1 day Strait Of Hormuz As a Breakpoint: Germany Not Taking Part In U.S. Naval Mission
  • 23 hours Why Oil is Falling (including conspiracy theories and other fun stuff)
  • 14 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 6 hours US Petroleum Demand Strongest Since 2007
Can Oil Markets Withstand Recession Fears?

Can Oil Markets Withstand Recession Fears?

The trade war escalation combined…

Corn Industry Battered By Shocking Ethanol Decision

Corn Industry Battered By Shocking Ethanol Decision

The administration just issued a…

Striking Nigerian Oil Workers to Shut Oil and Gas Installations

A three day warning strike called by Nigeria’s Trade Union Congress and the Nigeria Labor Congress is reverberating throughout the country’s energy sector, its primary source of foreign revenue.

Responding to the TUC and NLC calls for strike actions, the National Union of Petroleum and Natural Gas Workers and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on its members show solidarity and shutter all oil and gas installations and plants throughout the country.

The industrial action comes in the wake of the refusal of federal and state governments to implement the new minimum wage, The Daily Trust reported.

PENGASSAN president Babatunde Ogun told reporters, "Government at all levels and the private sector must implement the minimum wage law and pay the wages as provided by the law. It is a law and it must be obeyed by employers in both the public sector and the private sector. For the government not to obey the law, it must first repeal it. And in the process of repealing the law, the government must first repeal all laws that govern payment of salaries, allowances and other emoluments to all political office holders, judiciary and others earning jumbo pay in the country. Drastic downward review of their emoluments is a prerequisite to any discussion on ability to pay or not."

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play