DUBAI – According to OPEC Secretary-General Abdalla El-Badri, Crude prices are stable and the market has enough supply to meet demand, even at the geopolitical unrest in...
DUBAI – Iranian Oil Minister Bijan Zanganeh said oil production from the Islamic republic could increase even with harsh economic sanctions in place. In late December,...
….Pass Vote of Confidence on Petroleum Minister …says sacked GED’s are corrupt ABUJA – The National Association of Nigerian Students (NANS) on Wednesday backed Federal Government’s...
…warns against creating national disorder LAGOS – The Independent Petroleum Marketers Association of Nigeria (IPMAN) has charged members to focus more on the sustainable reviving of...
LAGOS – The Economic and Financial Crimes Commission (EFCC) on Thursday told an Ikeja High Court that an oil marketer, Oluwaseun Ogunbambo, charged with N979.6 million...
LONDON – BP will use its presence in Russia to help enhance relations between Moscow and the West, Chief Executive Bob Dudley said on Thursday as...
ABUJA – In spite of the operational challenges faced in the Niger Delta, Shell Petroleum Development Company of Nigeria Ltd (SPDC) paid the sum of $44...
WARRI – The Nigerian Navy Ship (NNS) Delta, Warri Naval Command said it destroyed 265 illegal refineries and burnt 100, 000 tones of locally refined diesels...
WASHINGTON – Brent futures eased towards $107 per barrel on Thursday on the back of weak Chinese trade data, as investors booked profits after gains of...
LAGOS – SEPLAT Petroleum Development Company Plc has announced the pricing of its initial public offering (the “Global Offer”). The Offer Price has been set at...
