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…
NNPCL to be ready for IPO by June 2023
Nigerian National Petroleum Company Limited (NNPCL) has started a process that will see it launch a multi-billion naira initial public…
2023 budget gets boost as Nigeria’s oil output increases by 48,000 bpd
There are strong indications that funding for Nigeria’s N21.8 trillion 2023 budget may receive a major boost as oil production…
Nigeria’s crude oil sales rise by 46% to N21tn – NBS
Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79tn in 2022. This is…
OPEC quota: NUPRC eyes additional 400,000mb/d from mega projects
In its bid to enhance national crude oil production to surpass the 1.8million barrels per day (mb/d) quota for the…