The Joint Task Force Operation Delta Safe (OPDS), on Tuesday arrested an oil vessel MV Ofuoma and 10 crew members conveying alleged…
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Oil and Gas
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NewsOil and Gas
Nigeria still losing 400,000 barrels of crude oil daily, FG discovers illegal crude oil connection in Abia
National Security Adviser (NSA), Malam Nuhu Ribadu, said the country is still losing 400,000 barrels of crude oil daily to local and…
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The Federal Government has disclosed that it is targeting to stop fuel importation in 2024, adding that the four oil refineries will…
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International monetary Fund has said that Fossil-fuel subsidies surged to a record $7 trillion last year as governments supported consumers and businesses…
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Oil prices dipped on Wednesday as demand woes stemming from a build in U.S. gasoline stocks and weak manufacturing data globally outweighed…
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British police said on Tuesday they had charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences. The police said they suspected…
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A fresh oil spill on Trans-Niger pipeline in Bodo Community in Gokana Local Government Area of Rivers State has sparked worries in…
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Oil prices rose more than 1% on Thursday, after falling for three straight days, as U.S. gasoline stocks declined on strong travel…
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Nigeria is currently the only country in West Africa enjoying the cheapest and most affordable price of petrol, the Special Adviser to…
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NewsOil and Gas
Nigeria’s Forcados crude oil exports resumes, as brent crude sell for $82.42 a barrel
Exports of Nigeria’s Forcados grade of crude oil resumed on Sunday, a Shell spokesperson said on Monday, roughly a month after loadings…
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Nigeria’s crude oil production dropped to 1,294,162 barrels per day in July 2023. This is according tofigures from the Nigerian Upstream Petroleum…
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The tax reform committee set up by the federal government has recommended that VAT on diesel be suspended. This was proposed to…
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NewsOil and Gas
Brent crude trade at new highs of $87a barrel as tighter supply offsets China demand concern
Oil prices hit new peaks on Wednesday with global benchmark Brent crude hitting its highest since January after a steep drawdown in…
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Oil prices rose by more than a dollar a barrel on Friday and were on track for a sixth consecutive week of…
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Oil prices gained about 2% on Thursday as Saudi Arabia and Russia were taking steps to keep supplies tight into September and…