Saudi Arabia and Russia have reached an agreement in principle to cut oil production, The Wall Street Journal has reported. The Organisation of the Petroleum Exporting...
The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of availability of sufficient petroleum products to guarantee hitch-free celebration of Easter. The NNPC Group General Manager,...
The Nigerian National Petroleum Corporation (NNPC) has commended Petroleum Tanker Drivers (PTD) for their sacrifice ferrying petroleum products across the nook and cranny of the Country,...
Saudi Arabia and Russia are “very, very close” to a deal on oil production cuts, Kirill Dmitriev, head of Russia’s sovereign wealth fund, told CNBC on...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has handed over five ambulances to Secretary to Government of the Federation, cum Chairman of the...
President Vladimir Putin said on Friday Russia was ready for deep oil production cuts with the United States and OPEC, but firmly put the blame for...
Petroleum Products Pricing Regulatory Agency (PPPRA) has further reduced the pump price of Premium Motor Spirit, popularly known as Petrol, from N125.00 to N123.50 with effect...
Oil futures fell further on Monday, settling above the key $20 mark, but concerns over a drop in energy demand pushed prices to their lowest finish...
Collapsing oil prices are costing some OPEC members not only lost revenue when they most need it to tackle the coronavirus crisis, but also market share...
Brent oil futures may be trading at $27 per barrel but oil producers are selling their crude in the physical market at lower prices not seen...
Indications are that the federal government in line with the collapse of international market oil prices has approved a reduction in the pump price of petrol...
Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi Arabia and Russia kept...
Crude prices settled at a four-year low with brent crude settling at $30 a barrel for below the 2020 Nigeria’s budget bench mark of $57 per...
The Nigerian National Petroleum Corporation (NNPC) has confirmed that the explosion that rocked havoc at Abule Ado in Lagos was triggered by gas explosion. According to...
Royal Dutch Shell’s onshore Nigeria subsidiary saw a 41% rise in the number of crude oil spills due to theft or pipeline sabotage in 2019, the...