Barkindo sees OECD oil stock below five-year average by 2021
The commercial oil inventories in OECD countries are expected to stand slightly above the five-year average in the first quarter…
Shutdown of refineries in Nigeria, others to help Asia, Europe petrol sales –S&P Global Platts
Refinery outages in Nigeria and other African countries are projected to ramp up gasoline demand and in turn brighten Asian…
LNG outlook boosted by China’s imports
China, the world’s largest energy consumer, is continuing to post higher monthly LNG imports and reported a 16.3 percent year-on-year…
NNPC warns that being sole importer of petrol will not be in its interest
The Nigerian National Petroleum Corporation (NNPC), has said that it was not in the national oil company’s interest to remain…
80% petrol tankers lack safety features –MOMAN
About 80 per cent of the 10,000 petroleum tankers used for transporting products nationwide lack critical safety features needed for…
Oil marketers decry N320bn loss, oppose labour strike
Oil marketers on Thursday decried losing over N320bn worth of investments as a result of government imposed product prices, which,…
Nigeria, others’ production cuts will rebalance oil markets – EIA
The production cuts by the Organisation of Petroleum Exporting Countries (OPEC) and its allies are expected to result in a…
Delaying Petroleum Industry Bill (PIB) harms investor confidence, warns NNPC
The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said there is a need for…
Energy transition could force majors to sell or swap $100B in oil and gas assets
Oil majors may be forced to adjust to cleaner sources of energy, the world’s largest oil and gas firms could…
DPR outlines four cardinal focus for downstream operations
Department of Petroleum Resources The Department of Petroleum Resources (DPR) says it has outlined four cardinal focus for downstream operations…