The two modular refineries in Edo state have continued to wax strong, with both now having a standing order of 300,000 barrels of crude from the Oza oil...
Oil prices rose about 1% to a nine-month high on Friday on rising U.S. diesel futures and worries about tight oil supplies after Saudi Arabia and...
Nigerian state oil firm NNPC Ltd says a subsidiary of Italy’s Eni did not obtain its consent prior to announcing a deal to sell onshore oil...
The House of Representatives ad hoc committee set up to investigate crude oil theft and loss of revenue from gas has vowed to unveil identities of...
Saudi Arabia will extend a production cut of 1 million barrels a day for three months, running to the end of December, the country’s official press...
Oando Plc has officially announced its acquisition of the entire shareholding of Nigerian Agip Oil Company Limited (NAOC) from Eni. This strategic move significantly strengthens Oando’s...
Oil prices edged higher on Monday on expectations that OPEC+ would keep supplies tight and speculation that the U.S. Federal Reserve will cease its aggressive interest...
The Nigerian Navy Ship (NNS) DELTA has handed over MT TECNE vessel to the officials of the Economic and Financial Crimes Commission (EFCC). The impounded vessel...
Russia, one of the world’s biggest oil producers, has faced shortages of fuel crucial for gathering the harvest in some parts of its southern breadbasket and...
Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has promised to work towards attracting investments into the gas sector in order to unlock...
The Joint Task Force Operation Delta Safe (OPDS), on Tuesday arrested an oil vessel MV Ofuoma and 10 crew members conveying alleged illegally refined petroleum products...
National Security Adviser (NSA), Malam Nuhu Ribadu, said the country is still losing 400,000 barrels of crude oil daily to local and international thieves despite efforts...
The Federal Government has disclosed that it is targeting to stop fuel importation in 2024, adding that the four oil refineries will be operational by the...
International monetary Fund has said that Fossil-fuel subsidies surged to a record $7 trillion last year as governments supported consumers and businesses during the global spike...
Oil prices dipped on Wednesday as demand woes stemming from a build in U.S. gasoline stocks and weak manufacturing data globally outweighed optimism around a larger-than-expected...