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OIL & GAS

OIL & GAS

OIL & GAS

Crude oil rose above $80 a barrel on Monday, lifted by nervousness over a worsening diplomatic crisis between Saudi Arabia and the West. This is just two weeks ...
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Falana
COVER NEWSLETTER OIL & GAS

Human rights lawyer and a Senior Advocate of Nigeria (SAN), Mr. Femi Falana, Thursday claimed that about $12.7 billion worth of crude oil was stolen from Nigeria between ...
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COVER NEWSLETTER OIL & GAS

President Muhammadu Buhari says the Federal government will support the N1.5 billion  Digital Library and Event Center project of the Petroleum and Gas Senior Staff Association of Nigeria ...
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Shell
NEWSLETTER OIL & GAS

Royal Dutch Shell (RDSa.AS) plans to invest $1 billion to $2 billion annually in oil exploration and production in Brazil through 2025, Brazilian newspaper Valor Economico reported on ...
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Oil
NEWSLETTER OIL & GAS

Oil prices slipped on Wednesday after three days of gains as markets awaited key U.S. inventory data expected to show a build in U.S. crude stockpiles. Brent crude ...
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Iran Oil
NEWSLETTER OIL & GAS

The Managing Director of National Iranian Oil Company (NIOC), Ali Kardor, has described a claim by the United States to reduce Iran’s oil exports to zero as a ...
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COVER OIL & GAS

The Senate on Tuesday set up a committee to investigate $3.5 billion budget recovery fund allegedly spent by the Nigeria National Petroleum Corporation (NNPC) on subsidy. It is ...
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NNPC
OIL & GAS

State oil company, the Nigerian National Petroleum Corporation (NNPC), on Wednesday refuted allegations that it has in its custody $3.5 billion subsidy fund. The corporation in a statement ...
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Oil Prices
NEWSLETTER OIL & GAS

Oil prices fell on Tuesday on evidence of higher U.S. oil production and increasing U.S. crude inventories, but reports of a fall in Iranian oil exports helped to ...
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Oil Prices
OIL & GAS

United States President, Donald Trump, cannot bring oil prices down by “bullying” other nations, Iran’s Oil Minister, Bijan Zanganeh said on Tuesday. He added that the market was ...
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Cooking Gas
OIL & GAS

The National Bureau of Statistics, said the average cost of refilling a five kilogramme cylinder for Liquefied Petroleum Gas (Cooking Gas) increased to N2,107 from N2,054 recorded in ...
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Oil Prices
NEWSLETTER OIL & GAS

Oil prices steadied on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worries, balancing concerns over the long-term demand outlook. Benchmark Brent crude ...
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COVER NEWSLETTER OIL & GAS

Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound ...
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Dangote Refinery
COVER NEWSLETTER OIL & GAS

The Nigerian Content Development and Monitoring Board (NCDMB) has declared its intention to partner with Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) on the effective ...
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Iran Oil
NEWSLETTER OIL & GAS

OPEC sees the oil market as well supplied and is wary of creating a glut next year, the group’s secretary-general said on Thursday, suggesting producers are in no ...
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Oil Prices
NEWSLETTER OIL & GAS

The U.S. Energy Information Administration reported a build in commercial crude oil inventories of 6 million, speeding up an oil price decline prompted by a variety of factors, ...
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Bonny Terminal
NEWSLETTER OIL & GAS

Except urgent steps are taken, Nigeria may record a major revenue loss in the oil sector following a 2008 Rivers State High Court judgment asking Shell to forfeit ...
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OPEC
COVER OIL & GAS

OPEC oil output increased by 132,000 barrels per day in September to nearly 32.8 million bpd. Supply hikes from Saudi Arabia, Libya, the UAE, Nigeria and Angola offset ...
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Oil
NEWSLETTER OIL & GAS

Saudi Arabia is set to deliver extra 4 million barrels of its oil to India in November, Reuters reported on Wednesday, citing several sources familiar with the plans, in what ...
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IMF
OIL & GAS

Oil prices steadied on Wednesday after the IMF lowered its global economic growth forecasts, but markets were supported as Hurricane Michael closed nearly 40 percent of U.S. Gulf ...
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