Prices of the Brent and U.S. West Texas Intermediate (WTI) crude benchmarks fell more than $1 in early trading, hitting their lowest…
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Oil and Gas
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NewsOil and Gas
New wave of oil production disruption emerges as militants blow up Agip facility over neglect, disregard to agreement
A new wave of disruption of oil facilities in Nigeria Delta reared its ugly head as a new set of militant group…
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Aiteo Exploration and Production has said that it can not own its own stop Nembe oil spill as it is seeking foreign…
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Bayelsa State Governor Douye Diri has expressed displeasure with AITEO Oil Exploration and Production Company over its failure to curtail the oil…
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Oil prices fell on Friday below $80 a barrel as surging COVID-19 cases in Europe threatened to slow the economic recovery while…
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African Export-Import Bank said it has signed a $1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration…
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Oil prices fell on Wednesday after the International Energy Agency and the Organisation of the Petroleum Exporting Countries warned of impending oversupply…
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Ijaw Professionals Association, Homeland Chapter, has said that the crude oil spill on an AITEO well head in the Nembe Creek, Bayelsa…
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The Organisation of the Petroleum Exporting Countries (OPEC) says the delicate balance between reducing emissions, energy affordability and security requires comprehensive and…
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BusinessNewsOil and Gas
Looming petrol scarcity, NNPC to revert to Naira denominated invoices for coastal movement to prevent scarcity, sustain stability
NNPC Limited, Major Oil Marketers Association of Nigeria, MOMAN and other stakeholders, yesterday, adopted new measures to prevent petrol scarcity and maintain…
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NewsOil and Gas
Brent crude price on upward swing at $84.04 a barrel, Nigerians may pay higher for fuel soon
Brent crude oil price maintain a steady rise as it sold for $84.04 a barrel. Continue crude oil price increase is a…
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Crude prices settled higher on Friday fuelled by renewed supply concerns after OPEC+ producers rebuffed a U.S. call to accelerate output increases…
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Executive Secretary, Nigeria Extractive Industry Transparency Initiative ( NEITI) said that its work and report had led to the recovery of over…
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OPEC and its allies agreed at a meeting on Thursday to stick to plans to raise oil output by 400,000 barrels per…
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Oil fell further below $85 a barrel on Tuesday, but remained close to a three-year high in choppy trade ahead of weekly…