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Oil prices rise on OPEC+ output cuts
Oil prices extended gains on Thursday as the OPEC+ alliance of major producers stuck…
FAAC: Oil producing states receive N31.902bn as FG, States, LGCs share N604bn in October
Mr Aliyu Ahmed, the Permanent Secretary, Ministry of Finance, Budget and National Planning on…
Buhari to send oil reform bill to Senate
President Muhammadu Buhari has signed a long-awaited oil-reform bill and it will be formally…
Oil down after U.S. crude inventories rise against expectations
Oil prices fell on Wednesday after an industry group reported a surprise rise in…
Oil rises after OPEC warn members to stick to quotas
Oil prices rose for the fourth day in a row on Friday, putting crude…
Oil moves higher as storm threatens U.S. Gulf Coast
Oil prices rose on Monday as a tropical storm in the Gulf of Mexico…
COVID-19: DPR expresses concern, admonishes oil companies
The Department of Petroleum Resources (DPR) has expressed concern over non-compliance to established protocols…
Aviation crisis: Oil demand to stay below pre-virus levels before 2022 – IEA
Oil demand is recovering from the greatest fall in its history in 2020, the…
Pirates kidnap 10 oil tanker crew members in Nigerian waters
Suspected pirates on Friday, stormed an oil tanker, MT Vemahope at 116 nautical miles…
UPDATED: BP records $4.4bn quarterly loss as oil prices crash
British energy giant BP on Tuesday said it slumped into a $4.4-billion net loss in the…
BP records $4.4bn quarterly loss as oil prices crash
BP on Tuesday said it slumped into a $4.4-billion net loss in the first…
Global oil price benchmark slumps to $19
The global oil price benchmark, Brent crude, has extended its decline, plummeting to $19…
Covid-19 Lockdown: PENGASSAN suspends industrial action after Rivers free 21 oil workers
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended planned…
Nigeria joins OPEC to cut crude oil production
The Federal Government on Friday said crude oil price would rebound by at least…
Shell declares force majeure on Nigerian Forcados crude
Shell has declared force majeure on exports of Nigerian Forcados crude oil after a…