U.S. President Donald Trump said on Monday the OPEC+ group of oil producers is looking to cut output by 20 million barrels…
Category:
Oil and Gas
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Saudi Arabia and Russia have reached an agreement in principle to cut oil production, The Wall Street Journal has reported. The Organisation…
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NewsOil and Gas
NNPC assures of availability of petroleum products at Easter as PPMC prepares to deploy automation App for marketers
The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of availability of sufficient petroleum products to guarantee hitch-free celebration of Easter. The…
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NewsOil and Gas
COVID-19 Lockdown: NNPC commends tanker drivers for hitch-free distribution of products
The Nigerian National Petroleum Corporation (NNPC) has commended Petroleum Tanker Drivers (PTD) for their sacrifice ferrying petroleum products across the nook and…
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Saudi Arabia and Russia are “very, very close” to a deal on oil production cuts, Kirill Dmitriev, head of Russia’s sovereign wealth…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva, has handed over five ambulances to Secretary to Government of the Federation,…
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President Vladimir Putin said on Friday Russia was ready for deep oil production cuts with the United States and OPEC, but firmly…
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Petroleum Products Pricing Regulatory Agency (PPPRA) has further reduced the pump price of Premium Motor Spirit, popularly known as Petrol, from N125.00…
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Oil futures fell further on Monday, settling above the key $20 mark, but concerns over a drop in energy demand pushed prices…
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Collapsing oil prices are costing some OPEC members not only lost revenue when they most need it to tackle the coronavirus crisis,…
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NewsOil and Gas
In oil markets, it’s back to 1998 crisis pricing as Nigeria struggles to find buyers—Reuters
Brent oil futures may be trading at $27 per barrel but oil producers are selling their crude in the physical market at…
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Indications are that the federal government in line with the collapse of international market oil prices has approved a reduction in the…
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Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi…
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Crude prices settled at a four-year low with brent crude settling at $30 a barrel for below the 2020 Nigeria’s budget bench…
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NewsOil and Gas
NNPC confirms Abule Ado explosion triggered by gas, halt pumping operation at Atlas Cove
The Nigerian National Petroleum Corporation (NNPC) has confirmed that the explosion that rocked havoc at Abule Ado in Lagos was triggered by…