The European Union was preparing a ban on Russian oil, with possible exemptions for wary countries, as EU energy ministers on Monday held crisis talks on...
Brent crude oil futures rose $2.06, or 1.9%, to $109.65 a barrel, after gaining 2.1% in the previous session. The front-month June contract expires on Friday....
Senate has said that Nigeria urgently need local refining of petroleum products in order to boost the nation’s revenue. It however called on the federal government...
Crude oil price slumped over 5% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged...
Oil prices tumbled 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth forecasts and warned of...
Several buyers of Russian gas have agreed to switch to payments in roubles, Russian Deputy Prime Minister Alexander Novak said on Friday. “We expect the decision...
The Senate has constituted a 13-member ad hoc committee to investigate suspected crude oil theft and its impact on the economy. President of the Senate Ahmad...
The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company (NNPC) Ltd., has declared a profit before tax of N4.31 billion...
TotalEnergies Nigeria has announced the winners of the third edition of its Startupper of the Year Challenge designed to support young entrepreneurs in Nigeria and other...
The Organisation of the Petroleum Exporting Countries (OPEC) said Nigeria’s crude oil production declined to an average of 1.354 million barrels per day in March. OPEC...
Italian parent company to Nigerian Agip Oil Company (NAOC), Eni has said the damage inflicted on its 24 inch gas line at Okaka in Yenagoa has...
Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on plans to release record volumes of crude and oil products...
Operatives of the Uyo Zonal Command of the Economic and Financial Crimes Commission have commenced investigations of a suspected illegal petroleum dealer handed over to them...
Senate has asked the Nigerian Upstream Petroleum Regulatory Commission, (NUPRC) to as a matter of urgency, stop all foreign companies lifting crude oil with their tankers from Nigeria...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday blamed private depot owners for the hike in the pump price of Premium Motor Spirit (PMS)...