CAIRO – The U.S. Navy handed over to Libyan authorities on Saturday an oil tanker carrying crude that had been loaded at a port controlled by...
BEIJING – China refined a record amount of crude last month as new plants owned by PetroChina Co. and Sinochem Group began operations. Processing in the...
LONDON – Crude-oil futures slipped in Asian trading hours Friday on a strong dollar even as oil traders remained on edge as the sanctions contest between...
ABUJA – The House of Representatives is set to investigate the alleged N10 billion maintenance, crew allowances and hanger costs of the petroleum minister, Diezani Alison-Maduekwe’s...
LONDON – Oil futures retreated from one-week highs Thursday as market participants assessed high domestic supplies and reduced demand due to seasonal refinery maintenance. Light, sweet...
ABUJA – President Goodluck Ebele Jonathan has appointed new Group Executive Directors for the Nigerian National Petroleum Corporation to fill critical vacancies which currently exist in...
HONG KONG — Beijing-based PetroChina Co.’s 2013 net profit rose 12% from a year earlier, due to reduced refining losses and growth in overseas oil and gas...
ABUJA – Chevron Nigeria Limited, operator of the NNPC/Chevron Joint Venture, has announced that Chevron Corporation will commit additional $1.7 million in its funding support for...
NEW YORK – On Thursday, Brent crude rose above $106 a barrel after the US Federal Reserve indicated interest rates could rise next year, showing strength...
ABUJA – According to the director at the Department of Petroleum Resources (DPR) George Osahon, the Nigeria’s oil reserves have dropped from 40 billion to 35...
