Trafigura executives expect more upward pressure on global oil prices next year as rising U.S. shale output will not be able to fill a gap in...
The Nigerian National Petroleum Corporation (NNPC) has denied claims that it has in its custody 3.5 billion dollars Subsidy fund. NNPC Group General Manager, Group Public...
Presentation made by OPEC secretary General at 2018 IMF\World Bank Annual Meetings The Organisation of the Petroleum Exporting Countries would like to update the distinguished delegates...
Polish oil refiner PKN Orlen expects to receive a first ever shipment of Nigerian crude oil next month, its CEO said, as Poland seeks to reduce...
The Nigerian National Petroleum Corporation (NNPC) said that crude oil and gas export earned Nigeria a total $416.07 million in June, 2018 which is 35.78 per...
Shipments of West African oil to Asia are set to hit a two-month high in October as Chinese refineries scramble for alternatives to Iranian crude before U.S....
With oil prices hitting fresh four-year highs of over 85 dollars, long-dormant proposals to allow the United States to sue OPEC nations are getting a...
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12 billion for May 2018, a performance which is relatively higher than the trading...
(Reuters/NAN) Brent crude oil prices hit their highest level since November 2014 on Monday ahead of U.S. sanctions against Iran that kick in next month. Brent...
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 four largest crude grades,...
Oil prices rose by nearly 1 per cent, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran...
The Federal government said plans are underway to unveil the first modular refineries with 10,000bpd and 7,000bpd in Rivers and Delta states respectively by November and...
The Nigerian National Petroleum Corporation (NNPC) says there is 37 days premium Motor Spirit (PMS) known as petrol self-sufficiency to serve the needs of consumers across...
Brent crude extended gains from the highest level in almost four years as banks and trading houses formed a chorus of voices arguing that prices may...
Brent crude oil price rose to $80.56 and major oil trading houses are predicting the return of $100 crude for the first time since 2014 as...