African Leaders Won’t Apologise for Developing More Oil Fields African leaders are not buying into climate change campaign yet as they insisted their need for oil...
Nigeria Loses $42bn To Oil Theft – NEITI The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that the nation, between 2009 and 2018, lost crude...
Somalia to Auction First Oil Blocks Amid Unrest Somalia is preparing to announce its first-ever oil licensing round in December, according to the country’s oil minister....
OPEC Sees Further Drop In Crude Oil Demand The Organization of the Petroleum Exporting Countries, OPEC, has said the demand for its oil could drop drastically...
Obaseki Decries Oil Theft In Niger Delta, As Nigeria Loses $1.35bn The nation lost about 22 million barrels of crude in the first six months (January...
Oil Prices Drop on Weak Chinese Data Global oil prices declined slightly on Monday after data shows China’s economy is slowing down despite the improvement in...
Oil Prices Rise Over 1% on OPEC Cuts Oil prices rose on Wednesday following a report that the Organisation of Petroleum Exporting Countries and partners will...
OPEC Caps Nigeria’s Oil Output at 1.77mbpd The Organisation of Petroleum Exporting Countries (OPEC) has capped Nigerian crude oil output at 1.77 million barrels per day...
OPEC Output Dips 1.5mbpd in September Crude oil production by the Organization of Petroleum Exporting Countries (OPEC) declined by 1.59 million barrels per day (mbpd) in...
Oil Price Drop Below Nigeria’s 2019 Benchmark Oil price dropped below Federal Government’s $60 per barrel benchmark for the 2019 budget. Brent crude, against which Nigeria’s...