Brent crude extended gains from the highest level in almost four years as banks and trading houses formed a chorus of voices…
Oil and Gas
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Brent crude oil price rose to $80.56 and major oil trading houses are predicting the return of $100 crude for the first…
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Hyde Limited, a global oil and commodities trading company and producer of premium lubricants in Nigeria, has launched a new retail station…
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The Nigerian National Petroleum Corporation (NNPC) says it has no hidden 470.5 million dollars and Eight billion Naira in any commercial bank…
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An Italian judge sentenced two defendants in a Nigerian corruption case to jail in the first ruling on one of the oil…
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The Nigerian Content Development and Monitoring Board (NCDMB) has raised $200 million to facilitate local content development in the oil sector. The…
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World oil consumption will reach 100 million barrels per day (bpd) later this year, hitting that level much sooner than previously forecast,…
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Brent crude Oil price rose to $78.09 a barrel supported by concerns that falling Iranian output will tighten markets once U.S. sanctions…
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OPEC oil output has risen in August to a 2018 high as Libyan production recovered and Iraq’s southern exports hit a record,…
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The Nigerian Liquefied Natural Gas (NLNG) has remitted more than $6.5 billion in taxes to Federal Inland Revenue Service (FIRS) since 2009.…
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A $200 million fund put in place by the Nigerian Content Development and Monitoring Board (NCDMB) is now ready for disbursement at…
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The Nigerian National Petroleum Corporation (NNPC) says it will establish two condensate refineries with a total refining capacity of 200,000 barrels per…
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The National Bureau of Statistics (NBS) has said that Nigeria imported165.71 million litres of Liquefied Petroleum Gas (LPG) in the second quarter…
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Nigeria’s oil exports are expected to rise to their highest in four months in October, thanks to supply of several larger grades coming…
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World Energy News has reported that Nigerian crude exports to Asia hit 664,000 barrels per day (bpd) in July, the highest in…