China increases oil imports from Angola
China is significantly increasing imports of crude oil from Angola, its second largest supplier of this raw material, rather than…
Orient Petroleum crude production to hit 3,000 bpd soon
Anambra State based Orient Petroleum Resources (OPR) Plc says it has concluded plans to increase crude oil productions in its…
Oil edges higher after hitting six-month low
Oil recovered to just above $50 a barrel on Tuesday after touching a six-month low in the previous session, although…
PPPRA revises down subsidy price template
Nigeria’s official petroleum sales regulator, the Petroleum Products Pricing Regulatory Agency (PPPRA) has issued a new template for Premium Motor…
Kaduna Refinery resumes partial production
While Nigerian are still savouring the news that the Port Harcourt and Warri refineries are back on their feet churning…
OPEC chief expects oil prices to stabilize
The Organisation of Oil Exporting Countries (OPEC) and Russia say they expect the global oil market to become more balanced and stable…
Shell to axe 6,500 jobs
Royal Dutch Shell (RDSa.L) says it will axe 6,500 jobs this year and step up spending cuts, to deal with…
DPR suspends marketers selling above pump price
The Department of Petroleum Resources (DPR) says it has suspended direct sales of petroleum products to marketers selling above recommended…
Dangote gets $997m grant for refinery
The United States Trade and Development Agency (USTDA) on Thursday in Lagos announced a grant of 997.4 million dollars (about…
IPMAN demands stoppage of petrol distribution through Capital Oil
Trouble is brewing between Capital Oil and the Independent Petroleum Marketers Association of Nigeria (IPMAN). The Association has appealed to…