Oil Firms Owe Banks N6.1trn, Banks Move to Takeover Oil companies owe lenders over N6 trillion, according to a new detail from the Central Bank of...
Goldman Sachs Says Oil Rally Can’t be Sustained Despite the surged in global oil prices and uncertainty following the assassination of Qasem Soleimani, Iran’s Major General,...
Oil Prices Surge Amid US-Iran Conflict Global oil prices surged to six month high following the assassination of Qasem Soleimani, the Iranian Minister of Defence, by...
OPEC Accord: Nigeria to Maintain 100% Compliance Nigeria’s Minister of State for Petroleum, Timipre Sylva said the nation achieved 100 percent compliance on production cuts in...
Digitalise Oil Sector, Senate Tells Buhari President Muhammadu Buhari has been urged to embrace technology if leakages in the oil sector must come to an end....
Saudi Arabia Exports More Oil to China in October Saudi Arabia exported more crude oil to China in the month of October, data from China’s General...
Nigeria Cuts Oil Output by 37,000bpd in October The Organization of the Petroleum Exporting Countries (OPEC) has said Nigeria’s crude oil production declined by 37,000 barrels...
Saudi Arabia’s Oil Exports Drop 3% in September Saudi Arabia’s crude oil exports dropped by 3 percent from 6.88 million barrels per day in August to...
Nigeria’s Oil Output Drops 150,000 as Aiteo Shut Pipeline Again Nigeria’s total crude oil production to drop by 150,000 as Aiteo Eastern Exploration and Development Company...
Oil Firms to Start Paying Tax on Dividends Oil companies operating in the country will start paying tax on dividends paid from the profits they generated,...