Oil rose nearly 2% on Monday as mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea disrupted maritime trade. A...
Oil prices rose on Thursday, extending the previous session’s gains, boosted by a weaker dollar and as the International Energy Agency (IEA) lifted its oil demand...
Oil fell 3% on Tuesday, with Brent crude hitting the lowest since June after U.S. consumer prices rose in November, offering more evidence that the Federal...
Oil benchmarks were on track for a seven-week decline on Friday, their first in half a decade, on worries about a supply surplus and weak Chinese...
In a major step towards boosting Nigeria’s domestic refining capacity and attaining energy security (self-sufficiency), Dangote Petroleum Refinery and Petrochemicals plant has purchased 1 million barrels...
President Bola Tinubu has appointed NCDMB governing council and management team. A statement issued by Chief Ajuri Ngelale Special Adviser to the President (Media & Publicity)...
An India oil company Fox Petroleum Group Board has struck an agreement to offer a credit facility funds of $2.5 billion per year over a consecutive...
As conversations on finding sustainable solutions for a decarbonised energy future continue to hold globally, the Group Chief Executive Officer (GCEO), NNPC Ltd., Mr. Mele Kyari...
Global benchmark Brent crude oil rose above $78 a barrel, after Russia said OPEC+ was ready to deepen output cuts in the first quarter of next...
Hydrocarbon Pollution Remediation Project, HYPREP, has assured that it would give priority attention to youths of Ogoni by creating more job opportunities, trainings, skills acquisition programmes...
The House of Representatives’ Committee on Host Communities has assured the people of Niger Delta that it would quickly propose and commence the repelling of some...
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, said it has successfully set up an Alternatives Dispute Resolution, ADR, to handle issues that may arise from the...
Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a storm-related drop in Kazakh oil output and a...
Minister of state, Petroleum Resources (Gas), Ekperikpe Ekpo has constituted a committee with a mandate to come up with recommendations on how to boost supplies and...
Nigeria is ramping up its production targets ahead of a pivotal OPEC+ meeting set to decide on matters including how much oil Africa’s biggest crude producer...