OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook later this month, predicting a slowdown...
Revenue from crude oil sales as earned Nigeria $11 billion in the first half, of 2023. This is according to the data fact sheet which shows...
Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential...
Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase pump price of Premium Motor Spirit (PMS) also known...
OPEC oil output has fallen only slightly in June as increases in Iraq and Nigeria limited the impact of cutbacks by others, despite a wider OPEC+...
A coalition of Civil Society Organisations (CSOs) on Friday said it would resist planned increase in the price of petroleum being allegedly worked on by the...
Commandant General of the Nigeria Security and Civil Defence Corps NSCDC, Dr Ahmed Abubakar Audi has read the Riot Act to oil thieves in the country,...
Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of...
Things have been topsy turvy lately on the roadsides of West African nations where cheap contraband petrol from Nigeria has abruptly doubled in price, upending an...
Oweiwari community, Biseni Clan in Yenagoa Local Government Area of Bayelsa State has protested an alleged neglect and marginalisation by the management of the Nigerian Agip...
Nigeria has accumulated up to $3 billion in debts to trading houses such as Vitol and oil majors such as BP for fuel supplies and is...
Bayelsa State Governor, Senator Douye Diri, has called for an amendment to the Petroleum Industry Act (PIA) in order to address the flaws observed in the...
Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices, despite expected weakness...
The Federal Government has issued licences to the NNPCL Exploration and Production Ltd. and Belema Sweet Export Terminal Ltd for establishment of crude export terminals. The...
TotalEnergies has discovered oil and gas at the OML 102 offshore oilfield in Nigeria, the French company said on Tuesday. Dr Charles Ebereonwu, Country Communications Manager,...