Africa Export Import Bank and Africa Petroleum Producers organisation said that they have set up an energy transition bank. In a statement…
Oil and Gas
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Crude oil prices rose to over $115 a barrel on Tuesday, their highest in about seven weeks, supported by the European Union’s…
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Oil prices rose on Thursday, reversing earlier losses, as supply concerns and geopolitical tension in Europe got the upper hand over the…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN), has urged the Federal Government to pay marketers their bridging claims to enable them…
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NewsOil and Gas
Brent crude oil price rises to $113 a barrel, Nigeria may not reap benefit due to production constraint
Oil prices climbed more than 2% on Friday and were set to rise for a second consecutive week, shrugging off concerns about…
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The Organisation of the Petroleum Exporting Countries (OPEC) has reconfirmed its decision for upward adjustment of the monthly overall production by 0.432…
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Oil prices steadied on Thursday, under pressure from a stronger dollar and a drop in global stock markets while supported by supply…
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The European Union was preparing a ban on Russian oil, with possible exemptions for wary countries, as EU energy ministers on Monday…
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NewsOil and Gas
Brent crude oil price rose to $109 a barrel, up for fourth day as supply fears outweigh China lockdowns
Brent crude oil futures rose $2.06, or 1.9%, to $109.65 a barrel, after gaining 2.1% in the previous session. The front-month June…
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Senate has said that Nigeria urgently need local refining of petroleum products in order to boost the nation’s revenue. It however called…
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Crude oil price slumped over 5% on Monday to its lowest in two weeks on growing worries about the global energy demand…
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Oil prices tumbled 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth…
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Several buyers of Russian gas have agreed to switch to payments in roubles, Russian Deputy Prime Minister Alexander Novak said on Friday.…
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The Senate has constituted a 13-member ad hoc committee to investigate suspected crude oil theft and its impact on the economy. President…
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The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company (NNPC) Ltd., has declared a profit before…