Oil prices fell on Tuesday as traders thought a possible cease-fire in Russia’s war with Ukraine might lead to easing or the…
Category:
Oil and Gas
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Nigeria Liquefied Natural Gas Limited has called for deliberate investment in the gas sector to stabilise supply and sustain Nigeria’s economic growth.…
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Nigeria attracted over $800 billion capita from global banks into the oil sector in 2024. Bayo Ojulari, the Chief Executive of the…
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Global oil demand growth is expected to slow this year as weaker economic conditions and sluggish non-OECD deliveries weigh on consumption, the…
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Nigerian Midstream and Downstream Petroleum Regulatory Authority has reported a significant decline in fuel consumption for June 2025, with total fuel evacuation…
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Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) rose by 263,000 barrels per day (bpd) in July compared…
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Nigerian Navy says its special forces deactivated no fewer than 70 illegal refinery sites and confiscated over 400,000 litres of stolen crude…
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Crude oil prices edged high in the global commodity market on declining American crude inventories, signaling a higher demand outlook in the…
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Oil and Gas
FG team visits Ogoni, tours oil facility sites preparatory to resumption of oil production
As part of the confidence-building measures agreed upon between the Ogoni people and the Federal Government aimed at facilitating negotiations for resumption…
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Oil and Gas
Oil falls as OPEC+ output hike adds to oversupply concerns, Nigeria’s July oil output tops 1.8m bpd
Oil prices fell to their lowest in a week on Monday after OPEC+ agreed to another large output increase in September, adding…
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Nigerian content development and monitoring board, NCDMB, said it is committed to ensuring that Nigeria produces the best local content in the…
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The federal government has mapped out plans to increase crude oil production by approximately 810,000 barrels per day (bpd) from the country’s…
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The western zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) says tankers will no longer load more than 45,000 litres…
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Oil and Gas
Suspend proposed 5% fossil fuel surcharge to avoid more hardship for Nigerians—ActionAid
Country Director, Action Aid Nigeria Dr Andrew Mamedu has urged the federal government of Nigeria not to implement the proposed five per…
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National Bureau of Statistics has said the average retail price of a litre of petrol increased from N750.17 in June 2024 to…