Brent crude futures rose by 0.35% on Friday afternoon to close at $69.70 a barrel, while Western Texas Intermediate futures rose by 0.36% to close at...
The Nigerian National Petroleum Corporation (NNPC) has announced a ₦39.85billion trading surplus for the month of February 2021 representing a massive 314.24% leap from the ₦9.62billion...
The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria...
The Nigerian Content Development and Monitoring Board (NCDMB), says it plans to complete eight oil and gas projects within the next two years. Mr Simbi Wabote,...
More than half of the people currently employed in the UK’s offshore oil and gas industry could by 2030 be working on low-carbon energy projects, research...
Oil prices rose by 2 per cent early on Monday, buoyed by market expectations that fuel demand globally is rising with the re-opening of major economies...
Prof. Wumi Iledare, former President of the Nigeria Association of Energy Economies (NAEE), has advised the federal government to engage in gradual deregulation of the downstream...
Nigeria and other West African crude sellers have been dealt a big blow by key buyer India slowing down its purchases as the COVID-19 pandemic continues...
The Nigerian Governors forum has said that keeping petrol price at N162 per litre is unsustainable. The thirty- Six State Governors therefore called for full deregulation...
Director, Department of Petroleum Resources (DPR), Mr Sarki Auwalu, has urged Africa to rise to the challenge of harnessing its oil and gas reserves for the...
The U.S. capital was running out of gasoline on Friday even as the top U.S. fuel pipeline ramped up deliveries following a cyberattack and Washington officials...
Oil prices rose on Friday, reversing some of the previous day’s sharp losses as stock markets strengthened and the U.S. dollar slipped, though gains were capped...
Oil prices rose more than 1% on Wednesday, putting the contracts on track for their highest close in almost eight weeks, as U.S. crude exports plunged...
The Executive Secretary, Petroleum Equalisation Fund (PEF), Alhaji Ahmed Bobboi says plans are in the pipeline to commence transportation of petroleum products through rail lines to...
Crude oil prices turned higher as a major U.S. fuel pipeline said it could largely restart within the week after a cyberattack forced its shutdown. Potential...