WASHINGTON – U.S. crude oil ticked higher Thursday, as unexpectedly large drops in petroleum product inventories indicated strong demand for oil. Light, sweet crude for January...
ABUJA – The Senate ad-hoc Committee on the Subsidy Reinvestment and Empowerment Programme (SURE-P) has queried the disbursement of about N8.5billion by Minister of Finance Dr....
WASHINGTON – IFC, a member of the World Bank Group, is providing Delonex Energy $60 million in equity finance to fund the company’s oil and gas...
ABUJA – Nigeria has granted licenses to nearly 50 companies to import 30 million barrels of fuel – around 3.5 million tonnes – before the year-end...
ABUJA — The Nigerian National Petroleum Corporation (NNPC) has declined to offer transaction details on the planned sale of Nigeria’s three major refineries which have operated...
…Nigeria Cuts Qua Iboe Price ABUJA – Trafigura Beheer BV failed to buy North Sea Forties crude at a higher price than yesterday. No bids or...
NEW YORK -U.S. oil futures edged lower Wednesday ahead of a closely-watched inventory report that’s expected to show a ninth straight weekly increase in domestic crude...
ABUJA – Five men were Tuesday arraigned before an Abuja High Court in Apo for allegedly kidnapping and murdering a Nigerian National Petroleum Corporation (NNPC) official,...
…Saudi monthly crude exports at highest since November 2005 …Production averages nearly 10 mln bpd from June-September …More oil production brings more gas to save crude...
ABUJA -PEM Offshore Limited has signed a US$1 million five-year contract (about N160 million), with Chevron Nigeria Limited, to train and promote human capacity development in...
