Crude prices settled higher on Friday fuelled by renewed supply concerns after OPEC+ producers rebuffed a U.S. call to accelerate output increases even as demand nears...
Executive Secretary, Nigeria Extractive Industry Transparency Initiative ( NEITI) said that its work and report had led to the recovery of over $3 billion from oil...
OPEC and its allies agreed at a meeting on Thursday to stick to plans to raise oil output by 400,000 barrels per day (bpd) from December,...
Oil fell further below $85 a barrel on Tuesday, but remained close to a three-year high in choppy trade ahead of weekly U.S. supply reports expected...
A continental and international rally may have begun in support of Nigeria’s advocacy to halt plans to defund gas projects, just as the global community moves...
Minister of Finance, Budget and National Planning Zainab Ahmed has said that the Federal Government plans to finally remove fuel subsidy by the second half of...
Oil futures rose Monday, hitting another round of multiyear highs as investors focused on tight supply, while crude producer Saudi Arabia appeared reluctant to further loosen...
Ahead of the commencement of the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, Scotland next week, the GMD/CEO of NNPC Ltd, Mallam...
Minister of State for Petroleum Resources Chief Timipre Sylva has inaugurated the governing boards of the new entities comprising the regulatory framework for the oil and...
Brent crude oil benchmark rose up 99 cents, or 1.2 per cent to $85.32 a barrel while U.S. West Texas Intermediate futures rose $1.27, or 1.5...
As a follow-up to its efforts in sustaining the current smooth supply and distribution of petroleum products nationwide within the festive period and beyond, the Nigerian...
Oil prices extended gains to scale multi-year peaks on Monday, fuelled by the rebound in global demand that has also contributed to power and gas shortages...
The Nigerian National Petroleum Corporation has begged petroleum tanker drivers to in the interest and welfare of the Nigerian people call off its planned strike action....
1000 days after the flag off of the cleanup of Ogoni environment, the Ogoni Liberation Initiative, OLI, has stated that the people of Ogoni are yet...
In its commitment to the Paris Agreement on Climate Change, the Federal Government is already making efforts to use large shares of clean energy sources, but...