Unauthorized meter use by some electricity consumers in Ibadan is causing the Ibadan Electricity Distribution Company (IBEDC) an average loss of N130 million monthly. This was...
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that its wholly owned subsidiary, Savannah...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the release of 13 new regulations in the oil and gas industry. These new regulations will be...
Brent crude oil fell by $2.58 to $70.12 a barrel, while U.S. West Texas Intermediate crude fell by $2.67 to $66.36 a barrel.
Oil prices were unchanged on Monday as investors looked towards Chinese economic data to gauge demand recovery in the world’s second-largest oil consumer. Brent crude oil,...
The Organization of the Petroleum Exporting Countries (OPEC) has recently flagged downside risks to summer oil demand as a backdrop to output cuts announced this month...
Oil prices took a dip on Thursday as the possibility of a recession in the United States, the world’s largest oil consumer, overshadowed worries about tight...
In the past three years, Nigeria has paid an astounding N5.83tn in subsidies on petroleum products, according to reports by the National Bureau of Statistics (NBS)....
Oil prices have steadied as the market awaits the U.S. inflation data that will likely influence the Federal Reserve’s policy on interest rate hikes. Brent crude...
Oil prices rose on Tuesday as experts predicted a decline in the U.S. inventories, the largest crude oil consumer in the world. The rise in Asian...
