Russia, OPEC to Sign Partnership Deal Russia is planning to sign a partnership agreement with Organisation of Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said...
Petrol Subsidy Rises as NNPC Increases Imports by 34% The Nigerian National Petroleum Corporation has spent more on petrol subsidy this year than it did last...
Concerns as Nigeria Fails to Attract Big Oil Investments While other African oil-producing countries are gearing up to attract investments, regulatory uncertainty in Nigeria’s oil and...
Oil Prices Drop Further as Trump Criticised Saudi’s Plan to Cut Production Oil prices drop further on Tuesday after U.S President Donald Trump blasted Saudi Arabia...
OPEC Plans Another Production Cut Saudi Arabia on Sunday announced plans to reduce oil supply by 500,000 barrels per day in December, following the drop in...
Nigeria’s Oil Output To Hit 2.2mbpd In Early 2019 – Kachikwu The Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu, has said that the...
Oil Rises to $73 on Report of Russia, Saudi Output Cut Talks Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since...
Gas Exporting Countries to Discuss Global Outlook The 20th Ministerial Meeting (MM) of the Gas Exporting Countries Forum (GECF) will take place on November 14, 2018,...
Oil Prices Fall As U.S Exempts Top Buyers of Iranian Oil Global oil prices fell on Tuesday after the U.S. granted sanctions exemptions to top buyers of...
Lagos Oilfield Output Drops, Further Drilling Expected in 2019 The Aje field, offshore Lagos, where crude oil production started nearly two and a half years ago,...