As part of its efforts at wooing more foreign investors into the country’s oil industry, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement...
The Federal Government of Nigeria has revealed that investors have been shunning investment in the nation’s downstream oil sector because the cost of petroleum products were...
Non-uniformity of fuel prices at various filling stations has been identified as the cause of queues in stations that sell at lower rates.
Global oil prices declined on Thursday as cases of Covid-10 grew in China, the world’s largest importer of the commodity. Brent crude oil, against which Nigerian...
An international oil company, Shell has agreed to a court judgment in the Netherlands to pay €15 million ($15.9 million) to communities that were affected by...
The transition from fossil fuels to cleaner energy and the volatility of oil prices will be two significant determinants when it comes to oil revenue.
Brent crude oil rose 8 cents, or 0.1%, to $80.07 per barrel, while U.S. West Texas Intermediate (WTI) crude oil fell 1 cent to $76.22 a...
A series of structural adjustments made by the Nigerian National Petroleum Corporation (NNPC) Limited at plugging crude oil leakages, vandalism and other forms of theft have...
Brent crude oil, against which Nigerian oil is priced, gained 74 cents, or 0.9%, to $79.78 a barrel in the early house of Monday while U.S....
Importation of petroleum products into Nigeria will reduce significantly by 2023 with the commencement of operations of the Dangote Refinery