The Minister of Petroleum (Oil), Heineken Lokpobiri, has hailed President Bola Ahmed Tinubu for his efforts at securing over $50 billion worth of investment commitment in...
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has announced plans by some investors from South Korea to build four new refineries in various...
Oil prices fell on Wednesday after data showed crude oil inventories grew in the United States. However, losses were contained by the heightened risk uncertainty caused...
Petrol pump price has risen to N1,030 per litre at various outlets of the Nigerian National Petroleum Company Limited (NNPCL) in Abuja on Wednesday. The recent...
An Italian court has sentenced two Milan prosecutors, Fabio De Pasquale and Sergio Spadaro, to eight months imprisonment for concealing evidence in an alleged corruption case...
Oil marketers in Nigeria have alleged that the Dangote 650,000 barrels per day Lagos-based refinery has been snubbing them on their demand to directly lift its...
By Rania Gule Senior Market Analyst Gold prices dropped sharply yesterday, starting Wednesday’s trading at $2,617 after a strong U.S. jobs report boosted expectations that the...
The Federal Government has approved the decision of airline operators in Nigeria to purchase Jet A1 fuels from Dangote Refinery only. In an interview monitored by...
Oil prices dipped more than 4 percent on Tuesday following the news of a possible ceasefire between Hezbollah and Israel. Brent crude, the international benchmark for...
Increased risk of a region-wide Middle East war continued to push oil prices higher on Monday as Brent crude oil rose by $2.88, or 3.7 percent...
