Oil pledge from Nigeria president
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Nigeria's newly sworn-in president says the troubled Niger Delta will receive his "urgent attention".
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The chief of Nigeria&#39;s main labor organization vowed that a four-day nationwide strike to protest fuel price hikes will go ahead yesterday as planned, and accused President Olusegun Obasanjo of shunning dialogue to resolve union grievances.
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US oil prices reached a record $50 a barrel on Monday as Nigeria emerged as the latest focus for worries about supply in an already tight worldwide energy market.
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Governors of Nigeria's oil-rich Niger Delta states ask the new president to free oil militant Mujahid Dokubo-Asari.
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Nigerian Oil Minister and OPEC President Edmund Daukoru has said that he expects the OPEC oil export group to cut its output quota by at least half a million barrels per day when it meets on December 14.
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Oil prices fall on news of Nigerian peace talks but analysts expect the price to remain close to the $50 mark.
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There are some signs of progress in resolving the Nigerian conflict that is riling global oil markets. The leader of militia fighters threatening to widen a battle for control of Nigeria&#39;s oil-rich south has
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Nigerian President Olusegun Obasanjo has appointed a special adviser on the volatile oil-rich Niger delta, amid a spate of kidnappings of foreign oil workers in the region.
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Nigerian President Olusegun Obasanjo attempted to calm labor discontent Friday ahead of a planned general strike, saying he would order the reduction of kerosene prices.
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President Olusegun Obasanjo yesterday directed that the price of kerosene be slashed immediately. He did not however give a benchmark for the price.
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Nigeria is working to soon restore losses in oil production because of militant attacks on some pipelines, the country's finance minister said Tuesday.
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OPEC took the unprecedented step of urging the United States to tap its emergency crude reserves to bring down world oil prices. Purnomo Yusgiantoro, the president of the
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Umaru Yar'Adua took office as president of Nigeria on Tuesday promising to tackle a catalogue of crises in Africa's most populous nation and conceding that his own election was "not perfect".
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Nigeria's president vows tough action after a spate of kidnappings of foreign workers in the oil-rich Niger Delta.
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Brent crude futures on the London oil market reached USD50 a barrel today as Nigerian oil workers went on strike. Nigerian unions launched a four-day general strike to protest rising fuel prices, but oil shipments
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Oil prices rose to record highs Monday near $50 a barrel for US crude as Nigeria emerged as the latest focus for worries about supply in an already tight worldwide energy market.
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New Nigerian President Umaru Yar'Adua will urgently address the crisis in the oil-producing Niger Delta, he said in an inaugural address on Tuesday, appealing to armed groups in the region for an end to violence.