Nigeria to seek extension of crude deal with OPEC
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says Nigeria…
Gov. Dickson hails FG’s move to set up modular refineries
Gov. Seriake Dickson of Bayelsa on Tuesday hailed the Federal Government’s decision…
Cash Call debts: FG pays $400m first tranche to IOCs
The Federal Government said it had released 400 million dollars to settle…
Libya captures 2 suspected oil-smuggling tankers after gun battle
Libyan Naval forces says they have captured two vessels suspected of smuggling…
Oil market heading towards balance, more draws needed: OPEC sec-gen
OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global…
World oil demand to rise – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has said demand for oil…
Kuwait expects extension of OPEC, non-OPEC oil deal
Kuwait’s oil minister Essam al-Marzouq said on Thursday he expected a global…
China crude oil imports hit record, shatter expectations
China’s crude oil imports surged to all-time high in March to nearly…
OPEC figures show oil output cuts exceed pledge in March
OPEC states cut oil output in March by more than they pledged…
Reps summon Magu, Emefiele, Baru, 5 others over alleged stolen $17bn oil money
The House of Representatives on Monday summoned Mr Ibrahim Magu, acting Chairman,…
NSE market capitalisation increases by N98bn
Activities sustained positive trend on the Nigerian Stock Exchange (NSE) on Thursday…
Libya’s oil output down by 252,000 barrels per day due to armed protests
Oil production from the Western Libyan fields of Sharara and Wafa has…
Shell sells onshore Gabon oil assets for $587m
The Carlyle Group has bought Royal Dutch Shell’s onshore assets in Gabon…
Relocation of oil firms to Niger Delta a big step to peace: Ex-Militant
A Niger Delta Ex-Militant on Monday applauded Acting President Yemi Osinbajo for…
EFCC is shielding corrupt, powerful families from prosecution – Ex-AGF
The Economic and Financial Crimes Commission (EFCC) have been accused of protecting…
FG assures oil producing states of fairness, equity, development
Acting President Yemi Osinbajo said on Thursday that the Federal Government would…
OPEC loses $1trn to oil price fluctuation, says Barkindo
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammed…
OPEC Sec-Gen arrives Nigeria on 4-day visit
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad…
Niger Delta Youths advise FG to hold stakeholders’ meeting in oil producing area
The Ondo State Chapter of Niger Delta Youth Movement (NDYM) has advised…
FG saves $500m on oil products, opens 128 bids
The Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC),…
Kenya to prioritise oil exploration from 2018 to 2022
Kenya will prioritise oil exploration in the third five-year Medium Term Plan…
Navy promises to intensify crackdown on oil theft in Niger Delta
The Nigerian Navy on Saturday restated its resolve to intensify `Operation River…
Oil rises on dollar weakness but ample supplies cap gains
Oil prices rose on Thursday, driven up by a weakening dollar, although…
OPEC cuts will not impact Saudi oil supply to Japan -Saudi official
Crude supplies to Japan from its biggest supplier Saudi Arabia will not…
NNPC charges trainee oil traders to become expert oil tradersNNPC charges trainee oil traders to become expert oil traders
Nigerian National Petroleum Corporation, NNPC, has advised its oil traders to prepare…
Major petroleum stocks lead activity on NSE
Major petroleum stocks on Wednesday, topped activities on the Nigerian Stock Exchange…
Oil prices rise as OPEC output cuts drain stocks
Oil prices rose on Tuesday on evidence the global market was tightening…
Oil price rises 2% ahead of producers’ compliance meeting
Oil prices edged up for a second day on Friday on expectations…
Western Sahara’s Polisario to test EU court ruling on oil shipment
Western Sahara’s Polisario Independence Movement said it would ask European Union (EU)…
Oil rises on weaker dollar, Saudi commitment to cut output
Oil prices rose on Tuesday supported by a falling U.S. dollar and…