Oil and Gas

Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi…

The Minister of State for Environment, Alhaji Ibrahim Jibril, said on Monday that the Federal Government was set to commence the clean…

Chief Executive Officer, AfriPERA, an Energy and Infrastructure Policy research organisation, Mr Chinedu Onyeizu, said that Nigeria is losing about $2.5 billion annually…

Nigeria National Petroleum Corporation NNPC has extended its crude-for-product swap contracts, the country’s main avenue to meet the bulk of its fuel…

Nigeria National Petroleum Corporation NNPC has extended its crude-for-product swap contracts, the country’s main avenue to meet the bulk of its fuel…

Trafigura executives expect more upward pressure on global oil prices next year as rising U.S. shale output will not be able to…

The Nigerian National Petroleum Corporation (NNPC)  has denied claims that it has  in its custody 3.5 billion dollars Subsidy fund. NNPC Group…

Presentation made by OPEC secretary General at 2018 IMF\World Bank Annual Meetings The Organisation of the Petroleum Exporting Countries would like to…

Polish oil refiner PKN Orlen expects to receive a first ever shipment of Nigerian crude oil next month, its CEO said, as…

The Nigerian National Petroleum Corporation (NNPC) said that crude oil and gas export earned Nigeria a total $416.07 million in June, 2018…

Shipments of West African oil to Asia are set to hit a two-month high in October as Chinese refineries scramble for alternatives to…

  With oil prices hitting fresh four-year highs of over 85 dollars, long-dormant proposals to allow the United States to sue OPEC…

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12 billion for May 2018, a performance which is relatively…

(Reuters/NAN) Brent crude oil prices hit their highest level since November 2014 on Monday ahead of U.S. sanctions against Iran that kick…

Nigeria’s oil exports will reach their highest in six months in November, led in part by an increase in supply of the country’s…