Members of the Borno branch of the Independent Petroleum Marketing Association of Nigeria IPMAN, began a three-day warning strike on Monday to protest non-payment of members’...
Shell Petroleum Development Company ( SPDC) has said that it is studying a report of an oil spill from its facility in the creek of Southern...
Russia does not support an oil production cut at this time and it is likely OPEC+ will keep its output steady when it meets Monday, the...
Nigerian Content Development and Monitoring Board, NCDMB, yesterday, expressed commitment towards achieving sustainable industrialisation in Nigeria. The NCDMB aims at achieving this through patriotism, professionalism and...
Brent crude futures rose $1.62, or 1.8%, to $93.98 a barrel, while U.S. West Texas Intermediate crude futures rose $1.22, or 1.4%, to $87.83 a barrel....
Oil futures headed lower for a third month in a row in August, on track to tally their longest streak of monthly losses in more than...
Group Managing Director NNPC Limited Mallam Kyari has said that Nigeria can not stop fuel importation now even if the four refineries in the country are...
The Major Oil Marketers Association of Nigeria, MOMAN, has said that the federal government cannot afford to spend N6 trillion this year as subsidy on Premium...
Nigeria Security and Civil Defence Corps NSCDC says it is undertaking self probing of some of its units over continue rise in incidence of crude oil...
Agip Oil Company a subsidiary of Agip operating in Nigeria, has said that it is committed to the welfare of its host communities, promising that it...
Oil prices rose on Wednesday in volatile trading on concerns that the United States will not consider additional concessions to Iran in its response to a...
Oil prices jumped about $3 a barrel on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices in the case of...
Former General Manager, Planning and Business Development, Nigeria National Petroleum Company, NNPC Engineer Babajide Soyode in an interview with Arise TV monitored in Lagos has said...
Nigeria’s President Muhammadu Buhari expressed concern on Friday over large-scale crude oil theft, saying it was affecting the country’s revenues “enormously”. Nigeria lost $1 billion in...
Equatorial Guinea has detained an oil tanker capable of carrying 2 million barrels after it attempted to load in Nigeria without proper paperwork, both countries said...