Senate has described the signing into law, the Petroleum Industry Bill, PIB, 2021 by President Muhammadu Buhari as major victory that will help bail Nigeria out...
Oil fell on Friday, but was on track to post a weekly rise, broadly shrugging off a warning from the International Energy Agency that the spread...
OPEC on Thursday stuck to its prediction of a strong recovery in world oil demand in 2021 and further growth next year, despite concerns about the...
Crude oil prices rose 3 per cent, largely driven by profit taking after more than a week’s losses and supported by rising demand in Europe and...
In a bid to strengthen and reposition the Nigerian National Petroleum Corporation (NNPC) towards attaining global excellence and profitability, the Management of the Corporation has announced...
Communities in Nigeria Oil Producing states has berated the Minister of State for Petroleum Resources, HMSPR, Chief Timipre Sylva, over comments credited to him that the...
Oil prices fell about 3% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions...
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57 billion in April 2021 representing a 23.64 per cent increase over the ₦35.24...
Oil prices tumbled on Friday, closing out a week of losses on worries that travel restrictions to curb the spread of the Delta variant of COVID-19...
Oil prices rose about 1% on Thursday on increasing Middle East tensions, but fresh movement restrictions imposed by countries to counter a surge in COVID-19 cases...
The Department of Petroleum Resources (DPR) says it is formulating a Maximum Economic Recovery (MER) strategy for Nigeria to attain maximum value delivery from its oil...
Oil extended its losses on Tuesday in volatile trade as concern over rising cases of the Delta coronavirus variant weighed on prices, sapping an earlier rally...
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from the sale of...
Oil prices tumbled about 4% on Monday as weak economic data from China and the United States, the world’s top oil consumers, and higher crude output...
President Muhammadu Buhari says successful completion of the Ajaokuta-Kaduna-Kano, AKK Project in 2023 would enhance domestic gas utilisation as the mainstay for national industrialisation. Buhari stated...