DUBAI – The Organization of Petroleum Exporting Countries will increase shipments this month to the highest level since late July to meet final winter demand from...
ABUJA – The Nigerian National Petroleum Corporation (NNPC) has explained that the alleged missing $10.8 billion dollars, as claimed by the Central Bank of Nigeria (CBN),...
ABUJA – The Petroleum Products Pricing Regulatory Agency (PPPRA) Thursday stated that the total amount of petrol consumed in Nigeria last year (2013) was 39.66 million...
ABUJA – The Senate is set to order its Joint Committee on Finance, Judiciary, Human Rights and Legal Matters to commence a probe into perceived loss...
PARIS – Norwegian oil company Statoil ASA has postponed its 2020 production target of 2.5 million barrels a day by two to three years and is...
ABUJA – The fire outbreak at the truck park near Kaduna refinery will not affect production or distribution of fuel, the Nigerian National Petroleum Corporation (NNPC)...
ABERDEEN – Scottish energy company Eland Oil & Gas said it started oil production from the Opuama oil field in Nigeria, said to contain 54 million...
DUBAI – The Organization of Petroleum Exporting Countries will increase shipments this month to the highest level since late July to meet final winter demand from...
NEW YORK – Brent crude was above 106 dollar a barrel on Thursday as global economic growth worries hurt demand. The oil market has mostly escaped...
…EIA reported stronger-than-expected demand for petroleum products …Nymex March futures up 1.1% at $98.41/barrel …Gasoline futures up 1.3% after smaller-than-expected supply build NEW YORK – U.S....
