Oil prices gained about 2% on Friday after U.S. data showed crude output was declining while fuel demand was growing. Brent crude…
Category:
Oil and Gas
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The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil…
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BusinessEconomyNewsOil and Gas
Crude oil theft: ERA advocates transparent metering system to determine Nigeria’s oil production
Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has called for a transparent metering system to ascertain the actual volume of crude…
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The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has so far spent over 1.1 billion dollars on the ongoing construction…
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Global diesel margins have slumped by about half since February, dragging on refiners’ profits, as Russian exports continue despite sanctions, helping output…
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Oil dropped by $2 a barrel on Tuesday after two sessions of gains as jitters about the global economic outlook and a…
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Oil prices rose on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost fuel demand in the…
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The Federal Government says it is considering how best to achieve subsidy removal without disrupting livelihoods in Nigeria. Amb. Gabriel Aduda, Permanent…
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Two international oil majors, Shell and Schlumberger and Nigeria’s Techno Oil Ltd. have clinched awards for excellence in service delivery to Africa’s…
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Oil prices slid by roughly $2 a barrel to their lowest level in about three weeks on Thursday on fears of that…
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Oil prices edges higher on Tuesday as upbeat economic data in No. 2 oil consumer China more than offset wider concerns that…
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Exxon Mobil Corp. in Nigeria declared force majeure on oil liftings from different terminals in the country following industrial action by the…
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The Group of Seven rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to…
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National Biotechnology Development Agency (NABDA), Rahad Global Investment Ltd and NNPC Energy Services Ltd have signed a tripartite Memorandum of Understanding (MoU)…
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Oil prices rose more than 1% on Tuesday with support from a weaker dollar and hopes that the Federal Reserve might ease…