In a sad turn of events, residents of Rumuekpe community in Emohua Local Government Area of Rivers State, South-south Nigeria, woke up to a devastating explosion...
The Petroleum Products Retail Outlet Owners Association of Nigeria, PETROAN has formed a task force to control the exorbitant prices of Premium Motor Spirit, known as...
Oil prices inched higher on Thursday on news of positive economic data from China, the world’s largest crude oil importer. Brent crude oil climbed by 0.51%...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the identification of new oil fields capable of producing 681,000 barrels of crude oil per day and...
Oil prices fell in volatile trading on Monday, as a stronger dollar and fears of recession risks offset gains arising from Russia’s plans to deepen oil...
After suffering its biggest one-day loss in seven weeks, Brent crude futures have stabilized, rising by 0.3% to $80.85 a barrel on Thursday. The gains follow...
The Nigerian government is resuscitating oil wells that were previously shut down with the aim of producing around 2.1 million barrels of crude oil per day,...
New data released by the National Bureau of Statistics (NBS) has revealed a sharp increase in the average retail price per litre of household kerosene in...
The Nigerian National Petroleum Company Limited (NNPCL) has announced that Nigeria’s oil production has increased to 1.6 million barrels per day. While still a few million...
In a bid to boost oil production and expand its current output, the Nigerian National Petroleum Company Limited (NNPCL) has signed a Memorandum of Understanding with...