IPMAN Raises Alarm on Likely Fuel Supply Disruptions
The Independent Petroleum Marketers Association of Nigeria, Kano has alerted the Federal Government over the imminent fuel crisis in the…
FG Scraps DPR, PPPRA, PEF, Sacks CEOs, Inaugurates New Agencies
The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund are all officially scrapped…
Nigeria pumped 1.45mbpd in September amid oil rally
Nigeria’s oil production volume rose to 1.45 million barrels a day last month, up from the 1.29 million barrels it…
Fuel Scarcity Looms As Tanker Drivers Down Tools Over Bad Roads
The country may yet face another fuel scarcity following plans by petrol tanker drivers to embark on strike action on…
Sylva explains why Nigeria is focused on developing gas resources
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said Nigeria is focused on developing its gas resources, though…
Outrage As Price of 12.5kg Of LPG Rises By 97.4% Cent In 12 Months
RESIDENTS of Lagos and Ogun states are lamenting as the price of 12.5kg of Liquefied Petroleum Gas (LPG), otherwise known…
Oil hits $81 as OPEC+ sticks to output deal
Oil prices crossed the $80 mark following the decision by the Organization of the Petroleum Exporting Countries (OPEC) yesterday, confirming…
Nigeria’s oil production rises by 170,000 bpd in September — highest output in 2021
Nigeria’s crude oil output rose by 170,000 barrels per day (bpd) in September 2021, signalling revenue increase and more reserves…
77 oil firms’ indebtedness to FG hits N2.66tn, says NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday that the indebtedness of 77 oil and gas companies to…
Oil prices rise on tight supply, hit three-month high
Oil prices extended gains yesterday riding higher on growing fuel demand and crossing $76 for the first time since July…