Oil were largely unchanged on Wednesday as signs of ample supply, including growing U.S. crude inventories, countered hopes for higher demand arising from a jump in...
The Edo State Governor, Mr. Godwin Obaseki has said that the Edo Refinery in Ologbo, Ikpoba Okha Local Government Area of the state, is operating at...
Crude oil prices fell by $2 per barrel on Wednesday as investors grew more worried that recent economic data will encourage more aggressive interest rate hikes...
Tackling crude oil theft and sabotage remains a major concern of the Federal Government and those in charge must be accountable because, besides economic consequences, institutional...
President Muhammadu Buhari has urged the major contractors handling the Oloibiri Museum and Research Centre as well as the Local Content Conference Hotel to deliver both...
Oil prices edged higher on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia’s plans to rein in supply. Brent...
The Nigeria National Petroleum Company Limited (NNPC Ltd) will begin drilling of the first oil well in Obi/Keana Nasarawa State on March 21. Malam Mele Kyari,...
OPEC has raised its 2023 oil demand forecast by 100,000 barrels per day amid expectations of an economic rebound in China, the world’s largest crude importer....
Oil prices slipped on Monday as investors focused on short-term demand concerns ahead of U.S. inflation data. Brent futures for April delivery fell 30 cents to...
Niger Delta Development Commission, NDDC, has disclosed that it has started moves to resolved the funding challenges that led to the non-payment of contractors by the...
Chairman Owners of Petroleum Products Tank Farms in Ijegun-Egba, Satellite Town, Lagos, Mr. Debo Olujimi has frowned at NIMASA and NPA for charging in dollars, this...
Russia will cut oil production by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister Alexander Novak said on Friday,...
The Defence Headquarters says the troops of Operation Delta Safe and other subsidiary operations have in the last two weeks discovered and destroyed 40 illegal refining...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says five petroleum industry regulations have been gazetted while six others have been finalised and ready for gazetting. Mr...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shortlisted 139 firms that applied for Nigerian Gas Flare Commercialisation Programme (NGFCP). About 300 companies applied to the...