OPEC to hold emergency meeting over Oil price crash- Kachikwu
The Organization of Petroleum Exporting Countries (OPEC) is expected to hold an extraordinary meeting in “early March” to address the…
Oil slides to 11-year low on tumultuous Chinese market
Brent crude futures fell to a fresh 11-year low on Thursday as a sliding yuan and an emergency halt in…
Nigeria’s crude oil export dips by N4.4trn in 9 months
A sharp decline was recorded in revenue accruable to the Federal Government from the petroleum sector, as the country’s earnings…
Nigeria refineries producing 6.8m liters of petrol daily, says NNPC
Nigeria’s revitalized refineries have started producing over 6.76 million litres of petrol daily, the Nigerian National Petroleum Corporation (NNPC) announced…
Oil workers reject re-drafted PIB
Controversies trailing the long-standing Petroleum Industry Bill (PIB) have resurrected once more as workers in Nigeria’s three petroleum regulatory agencies…
NUPENG blames security agents, others for continuing fuel supply hitches *vows to resist subsidy removal without TAM on refineries
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has blamed the lingering fuel scarcity in parts of the…
Oil price conundrum: Kachikwu seeks African front on petroleum exporting
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has urged member countries of the African Petroleum Producers Association (APPA)…
Falling price of Crude Oil threatens FG’s savings
Global benchmark Brent crude on Thursday extended its losses, dropping to $39 per barrel thereby threatening the Federal Government’s ability…
Kachikwu replaces Alison-Madueke as OPEC President
Following his elevation as the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has replaced the immediate past Minister…
IPMAN wants petroleum products loading decentralised from Lagos
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has appealed to the Federal Government to decentralise loading of petroleum products…