Oil settled higher on Monday after a day of volatile trading following a weekend meeting in Saudi Arabia that failed to yield concrete solutions to the world's energy problems.
A Nigerian rebel movement blamed for an number of recent attacks on the African country's oil industry announced a unilateral truce Sunday after an appeal for negotiations by tribal leaders.
Oil production was shut down at an offshore Nigerian facility after an armed attack Thursday by a powerful militant group from the Delta region, Shell said.
Oil prices were steady Thursday with investors following reports that a militant group attacked an oil installation in Nigeria, Africa's largest oil producer.
A rebel group that has been attacking oil pipelines in southern Nigeria claimed responsibility on Monday for another strike and said it killed 11 government soldiers in fighting that followed the sabotage.
A group of Nigerian rebels who wrote a letter to U.S. President George W. Bush, stating that they attacked two oil pipelines Monday, have asked for former President Jimmy Carter and actor George Clooney to help solve issues in the oil-rich Niger-delta.
Oil settled higher on Monday after a day of volatile trading following a weekend meeting in Saudi Arabia that failed to yield concrete solutions to the world's energy problems.
A Nigerian rebel movement blamed for an number of recent attacks on the African country's oil industry announced a unilateral truce Sunday after an appeal for negotiations by tribal leaders.
Oil production was shut down at an offshore Nigerian facility after an armed attack Thursday by a powerful militant group from the Delta region, Shell said.
Oil prices were steady Thursday with investors following reports that a militant group attacked an oil installation in Nigeria, Africa's largest oil producer.
A rebel group that has been attacking oil pipelines in southern Nigeria claimed responsibility on Monday for another strike and said it killed 11 government soldiers in fighting that followed the sabotage.
A group of Nigerian rebels who wrote a letter to U.S. President George W. Bush, stating that they attacked two oil pipelines Monday, have asked for former President Jimmy Carter and actor George Clooney to help solve issues in the oil-rich Niger-delta.
Nigerian kidnappers released a 3-year-old British girl on Sunday after holding her for four days, and no ransom was paid, according to Nigerian police sources close to the investigation.
Oil prices sank over $1 Wednesday after a government report said supplies of gasoline, closely watched ahead of the summer driving season and running below average, rose for the first time in 13 weeks.
Twenty-four recently freed Filipino hostages safely arrived home to Manila Saturday after militants held them captive for 25 days in a clandestine jungle camp in Nigeria.
A Nigerian government spokesman on Monday accused CNN of paying for and staging a report that showed 24 Filipino hostages being held by masked gunmen in the remote mangrove swamps of southern Nigeria.
The Philippine government strongly hinted Friday it would approve the payment of ransoms to win the freedom of 26 Filipino hostages missing or kidnapped in Nigeria.
Splashing across the murky waters of southern Nigeria in a speedboat, I suddenly found myself in one of the scariest positions of my journalistic career: masked militants firing machine guns at me and my crew.
In the remote mangrove swamps of southern Nigeria, 24 Filipino hostages appeared frightened and disheveled. Around them, dozens of militants, dressed in black and wearing black ski masks, danced wildly and fired their automatic weapons into the air.
Armed attackers stormed an oil rig off the coast of Nigeria, kidnapping eight foreign workers and raising new fears over security in Africa's top oil producing nation.
Three foreign oil workers kidnapped in the Nigerian city of Port Harcourt have been freed, the Italian oil and gas company Eni SPA said Friday, according to Italian media.
Three Western oil workers were released Monday after having been taken captive last month by militants in Nigeria's oil-rich Delta state, a government spokesman told CNN.
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