Oil and Gas

Senate has begun probe into the the non-compliance with the Petroleum Act and the Oil Mining Lease granted to SPDC between 1959 to…

Oil prices tumbled about 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could push the U.S. economy…

Fuel queues on Monday resurfaced in most parts of Lagos State following the decision of some members of the Independent Petroleum Marketers…

President Muhammadu Buhari led administration has approved the upward review in freight rate for transporters to alleviate the challenges associated with the…

The European Bank for Reconstruction and Development (EBRD) has said that it will lend up to €300 million to help Ukraine’s gas…

Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC) Dr Mohammad Barkindo, says it has never wavered from its core values in spite…

The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed,…

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $121.54 per barrel…

Oil prices rose about 2% to a 13-week high as U.S. demand for gasoline has kept rising despite record pump prices, on…

Commissioner for Insurance / CEO Thomas O S has said that the Federal Government’s drive towards enhancing local content speaks to the…

Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand…

Brent crude was up 4 cents to $119.76 a barrel after touching an intraday high of $121.95. U.S. West Texas Intermediate crude…

Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to…

The Interim Administrator of Niger Delta Development Commission, Dr. Effiong Akwa, has said that the forensic audit on NDDC opened a can…

Oil rose higher on Friday, supported by expectations that OPEC’s decision to increase production targets by slightly more than planned won’t much…