FG, marketers on rough path to fuel subsidy removal
The planned removal of fuel subsidy has thrown the Federal Government, petroleum marketers and other stakeholders off balance in a…
FG reviews gas tariff to attract investors in midstream business
The Federal Government is reviewing gas tariff in a move that will return investment in the gas sector, as the…
Nigeria eyes 600 trillion cubic feet gas reserves with NNPCL projects
As Nigeria targets to grow gas reserves to 600 trillion cubic feet, the Nigerian National Petroleum Company Ltd (NNPCL) has…
Fuel subsidy palliative: Nigerians to share $747m, logistics gulp $53m
’The Federal Ministry of Finance, Budget and National Planning is expected to spend $53 million on hiring staffers, office administration,…
Goldman Sachs reviews upward oil price forecast to $95/barrel
Goldman Sachs has revised its oil price forecast, raising it to $95 from $90 at the end of the year…
Oil price jumps as OPEC+ cuts production
Brent, the global benchmark for crude oil, jumped in price on Monday, following the voluntary production cuts by member nations…
PENGASSAN urges FG to revive refineries, stop fuel subsidy
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has called on the Federal Government to stop subsidising…
NNPCL to boost oil reserves to 50 billion barrels
The ongoing oil exploration in Nigeria’s frontier basins is to grow the country’s crude oil reserves from 37 billion barrels…
PENGASSAN Pegs Petrol Price at N360/N400 After Subsidy Removal
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says a litre of Premium Motor Spirit (PMS) commonly…
Oil price may not reach $100/b in 2023, says Goldman Sachs
Goldman Sachs Group Inc., one of the most bullish banks on its outlook for oil, has reviewed its forecasts down…