Major Oil Marketers Aim to Reduce Supply Chain Costs The Major Oil Marketers Association of Nigeria has said it will optimise and reduce supply chain costs...
Crude Oil Hits 2019 High On Wednesday Oil prices rose to a 2019 high on Wednesday following a report of an additional sanction on Iran and...
Crude Oil Rallies After China Positive PMI Global oil prices rose on Monday after data showed Chinese economy is gradually stabilizing. Brent crude, against which Nigerian...
Crude Oil Price Remains Steady at About $67 Despite U.S. crude inventories rising by 1.93 million barrels last week, crude oil price remained steady. Brent crude...
Nigeria, Three Others Nominated for OPEC+ Committee Nigeria, Iraq, Kazakhstan and the United Arab Emirates (UAE) have been nominated as members of the Joint Ministerial Monitoring...
Global Oil Exploration Spend Increases Expenditure on oil and gas exploration and production (E&P) rose by eight per cent between 2017 and 2018, when the global...
OPEC: Nigeria’s Bonny Light Among Top Price Earners The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil blend – the Bonny Light...
332,000bpd Crude Production Grows NNPC’s Profit by N12.13bn The Nigerian National Petroleum Corporation has recorded a trading surplus of N12.13bn, the monthly financial and operations report...
Oil Trading Near $67 on Additional Cuts Global oil prices rose on Tuesday as the largest OPEC’s producer Saudia Arabia pledged to cut additional supply in...
UK Oil Production Set For Decline Crude oil production in the UK will decline this year to 940,000 bpd from last year’s 980,000 bpd, the Oil...