British police said on Tuesday they had charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences. The police said they suspected she had accepted bribes...
A fresh oil spill on Trans-Niger pipeline in Bodo Community in Gokana Local Government Area of Rivers State has sparked worries in the area. It was...
Oil prices rose more than 1% on Thursday, after falling for three straight days, as U.S. gasoline stocks declined on strong travel demand and as China’s...
Nigeria is currently the only country in West Africa enjoying the cheapest and most affordable price of petrol, the Special Adviser to the President on Media...
Exports of Nigeria’s Forcados grade of crude oil resumed on Sunday, a Shell spokesperson said on Monday, roughly a month after loadings of the medium sweet...
Nigeria’s crude oil production dropped to 1,294,162 barrels per day in July 2023. This is according tofigures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The figure...
The tax reform committee set up by the federal government has recommended that VAT on diesel be suspended. This was proposed to offset petrol subsidy removal...
Oil prices hit new peaks on Wednesday with global benchmark Brent crude hitting its highest since January after a steep drawdown in U.S. fuel stockpiles helped...
Oil prices rose by more than a dollar a barrel on Friday and were on track for a sixth consecutive week of gains after Saudi Arabia...
Oil prices gained about 2% on Thursday as Saudi Arabia and Russia were taking steps to keep supplies tight into September and possibly beyond. Brent futures...
OPEC oil output has fallen in July after Saudi Arabia made an additional voluntary cut as part of the OPEC+ producer group’s latest agreement to support...
The Nigerian National Petroleum Company Limited said it has uncovered 162 illegal oil pipeline connections and illegal refineries in the Niger Delta, particularly in Bayelsa in...
United States of America Vice President, Kamala Harris, has called out to President Bola Tinubu in a phone call. The conversation between Harris and President Tinubu...
One of Europe’s main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country’s domestic...
Abuja-based Coalition of Civil Society Organisations and Political Parties for Good Governance has slammed organised labour for its current posturing on the withdrawal of fuel subsidy...