Oil prices dropped on Tuesday, extending losses from the previous day on signs of progress in talks between Russia and Ukraine to end their weeks-long conflict,...
China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a...
The Nigerian National Petroleum Company Ltd. (NNPC) says there is over 1.6 billion litres of Premium Motor Spirit (PMS) available for nationwide distribution. Malam Mele Kyari,...
The Federal Government says it is determined to stop the economic devastation occasioned by the activities of illegal refiners, pipeline vandals and crude oil thieves in...
Crude prices slide 2% on Thursday as the United States and its allies discussed a possible further coordinated release of oil from storage to help calm...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assembled a team of experts to carry out thorough auditing of activities of operators in the upstream petroleum...
Oil prices jumped 5% to over $121 a barrel on Wednesday as aweather-related disruption to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC)...
The Group Managing Director and Chief Executive Officer of the Rahamaniyya Group, AbdulRahman Bashir has denied operating six oil refineries across Europe and the Middle East....
The Nigerian Navy has arrested a vessel, ”Motor Tanker Harbor Spirit”, and 13 Nigerians on board conveying a fortified and auctioned crude oil from MV KOME...
Communities on the riverside settlement of Lasukugbene, Southern Ijaw Local Government Area of Bayelsa State have cried out to the federal government to save them from...
Oil prices jumped by more than $6 on Monday, with Brent crude climbing above $114 a barrel, as European Union nations considered joining the United States...
The Nigerian Electricity Requlatory Commission (NERC) has approved a special gas pricing for emergency contracting of gas from the Nigerian Gas Marketing Company Ltd. The Minister...
The Major Oil Marketers Association of Nigeria (MOMAN) says it is holding talks with domestic airlines for steady supply of aviation fuel for their operations. Mr...
Oil fell on Wednesday in another volatile session as traders reacted to hoped-for progress in Russia-Ukraine peace talks and a surprising increase in U.S. inventories. Around...
A Nigerian court has stopped Shell Plc from selling any assets in Nigeria until a decision is reached on the company’s appeal of a nearly $2...