With oil prices hitting fresh four-year highs of over 85 dollars, long-dormant proposals to allow the United States to sue OPEC…
Category:
Oil and Gas
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The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12 billion for May 2018, a performance which is relatively…
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(Reuters/NAN) Brent crude oil prices hit their highest level since November 2014 on Monday ahead of U.S. sanctions against Iran that kick…
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NewsOil and Gas
Nigerian oil exports to hit six-month high in November as Saudi Arabia increases supply to US
Nigeria’s oil exports will reach their highest in six months in November, led in part by an increase in supply of the country’s…
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Oil prices rose by nearly 1 per cent, driven by the prospect of a shortfall in global supply once U.S. sanctions against…
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The Federal government said plans are underway to unveil the first modular refineries with 10,000bpd and 7,000bpd in Rivers and Delta states…
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The Nigerian National Petroleum Corporation (NNPC) says there is 37 days premium Motor Spirit (PMS) known as petrol self-sufficiency to serve the…
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Brent crude extended gains from the highest level in almost four years as banks and trading houses formed a chorus of voices…
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Brent crude oil price rose to $80.56 and major oil trading houses are predicting the return of $100 crude for the first…
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Hyde Limited, a global oil and commodities trading company and producer of premium lubricants in Nigeria, has launched a new retail station…
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The Nigerian National Petroleum Corporation (NNPC) says it has no hidden 470.5 million dollars and Eight billion Naira in any commercial bank…
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An Italian judge sentenced two defendants in a Nigerian corruption case to jail in the first ruling on one of the oil…
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The Nigerian Content Development and Monitoring Board (NCDMB) has raised $200 million to facilitate local content development in the oil sector. The…
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World oil consumption will reach 100 million barrels per day (bpd) later this year, hitting that level much sooner than previously forecast,…
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Brent crude Oil price rose to $78.09 a barrel supported by concerns that falling Iranian output will tighten markets once U.S. sanctions…