U.S. to Eliminate Iran Oil Waivers After May 2 Expiration The Trump administration won’t renew waivers that let countries buy Iranian oil without facing U.S. sanctions,...
Nigeria’s Oil Exports Threatened as Aiteo Declares Force Majeure The nation’s crude oil exports have suffered a setback as Aiteo Eastern Exploration and Production Company Limited...
India Now Nigeria’s Biggest Crude Oil Buyer –Buhari President Muhammadu Buhari on Thursday spoke of a growing trade partnership between Nigeria and India. He stated that...
Malabu Oilfield Licence, Nine Others to Expire in 2020, 2021 Ten oil block licences, including the controversial Oil Prospecting Licence 245, held by international and local...
Oil Steady as Market Focuses on Supply Risks Oil prices were steady yesterday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over...
Kachikwu: ExxonMobil, Other IOCs Not Exiting Nigeria The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said none of the International Oil Companies (IOCs)...
Tight Global Supply Pushes Oil to 5-month High on Tuesday Oil price sustained its bullish run on Tuesday following a report of violence in Libya, one of...
Oil Firm on Strong Economic Data, Supply Risks Oil prices shot up nearly one per cent on Friday on bullish United States (U.S.) employment data that...
Concerns as 211 Nigerian Oil Blocks Remain Idle More than 50 percent of Nigeria’s oil and gas blocks remain untapped even as crude oil production continues...
Switzerland to Sue Nigeria Over 2018 Oil Tanker Seizure Authorities in Switzerland have begun planning legal action against the Nigerian government for seizing and detaining a...