FG to Increase Oil and Gas Output in 2020 The Nigerian National Petroleum Corporation, NNPC, said it is facilitating the growth of the midstream oil sector...
ExxonMobil’s One Billion Crude Oil Discovery Spurs Interest in Government Policies to Grow Reserves As Nigeria’s crude oil reserves increased to 37 billion barrels, led by...
Iran’s Crude-Oil Exports Increase to Level Last Seen in 1970s Iran’s crude-oil exports touched 3 million barrels a day for the first time since the 1979...
NLNG Predicts Demand Growth from China, India The Nigeria Liquefied Natural Gas Limited (NLNG) has stated that with the current LNG demand growth from China, India,...
Oil Price Rises as OPEC sticks to Output Pledges Oil reversed earlier losses, yesterday, as investors took heart from strict Organisation of the Petroleum Exporting Countries,...
Shale: Nigeria, Others Must Lower Costs Members of the Organisation of the Petroleum Exporting Countries must lower production costs to compete better with shale oil producers,...
U.S. Shale Surge Threatens OPEC Strategy OPEC’s Nov. 30 output agreement to cut production by 1.2 million barrels a day may have put a floor under...
Nigeria, Algeria, others lost $1tn to oil crash – OPEC Nigeria, Algeria and other members of the Organisation of Petroleum Exporting Countries lost a cumulative revenue...
Stabilising Oil Market with OPEC’s $66.6bn Refineries Investment Member countries of the OPEC would need to invest $66.5 billion by 2021 to upgrade their refining capacity...
Gasoline Reaches Record High in New York; Exports Abroad Traders are now exporting gasoline and diesel from New York harbor, a region that normally relies on...