Crude oil price hits over $100 again
The price of crude oil climbed above the $100 mark on Sunday hitting $101.16/barrel after trading around $98/barrel since Tuesday,…
NUPENG threatens solidarity strike with ASUU
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says it will not hesitate to join in the proposed…
Oil falls below $100, Nigeria’s production hit 1.158mb/d
Brent, the international benchmark for crude, fell below $100 per barrel on Tuesday as the latest figures released by the…
Fuel Crisis: Oil, gas suppliers seek forex interventions, tax reviews
The Natural Oil and Gas Suppliers’ Association of Nigeria (NOGASA) has called for foreign exchange interventions as well as the…
Barkindo’s death is a profound loss to us, oil industry, int’l community — OPEC
The Organization of Petroleum Exporting Countries (OPEC) has described the sudden death of the Secretary-General of the organization (OPEC), Dr.…
NLNG boss warns of harmful effects of illegal oil refining
Philip Mshelbila, Managing Director and Chief Executive Officer, Nigeria LNG, has warned of the harmful effects of illegal oil bunkering…
FEC approves N22.44bn for projects in Petroleum, Environment Ministries
The Federal Executive Council (FEC) has approved a total sum of N22.449 billion for projects in the Ministries of Petroleum…
NLNG hit by crude oil theft, pipeline sabotage, output shrinks
Nigeria LNG (NLNG) plant is producing at up to 68% of its capacity due to theft of crude oil and…
Oil bulls retreat as economic outlook darkens
Investors continued to liquidate bullish long positions in petroleum last week as the economic outlook deteriorated though the rate of…
Nigeria to pump 1.82mbpd as OPEC+ sticks with August hike
The Organization of Petroleum Exporting Countries and its allies, (OPEC+), yesterday, agreed to proceed with a 648,000 b/d increase in…