Oil and Gas

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has handed over five ambulances to Secretary to Government of the Federation,…

President Vladimir Putin said on Friday Russia was ready for deep oil production cuts with the United States and OPEC, but firmly…

Petroleum Products Pricing Regulatory Agency (PPPRA) has further reduced the pump price of Premium Motor Spirit, popularly known as Petrol, from N125.00…

Oil futures fell further on Monday, settling above the key $20 mark, but concerns over a drop in energy demand pushed prices…

Collapsing oil prices are costing some OPEC members not only lost revenue when they most need it to tackle the coronavirus crisis,…

Brent oil futures may be trading at $27 per barrel but oil producers are selling their crude in the physical market at…

Indications are that the federal government in line with the collapse of international market oil prices has approved a reduction in the…

Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi…

Crude prices settled at a four-year low with brent crude settling at $30 a barrel for below the 2020 Nigeria’s budget bench…

The Nigerian National Petroleum Corporation (NNPC) has confirmed that the explosion that rocked havoc at Abule Ado in Lagos was triggered by…

Royal Dutch Shell’s onshore Nigeria subsidiary saw a 41% rise in the number of crude oil spills due to theft or pipeline…

While OPEC’s de facto leader Saudi Arabia trades blows in a war for market share with Russia after their three-year pact to…

Oil prices are plunging amid concern a dispute among producers could lead a global economy weakened by COVID-19 to be awash in…

Oil futures fell by more than 7% on Friday as talks between the Organisation of the Petroleum Exporting Countries and their allies…

OPEC’s proposal to cut oil production by up to 1 million barrels a day would be enough to balance the oil market…