Shell Petroleum Development Company has announced that it will resume oil exploration on the closed Forcardos terminal by the end of October
Nigeria’s decline in crude production has resulted in delayed payments to some local gasoline suppliers by the Nigerian National Petroleum Corporation (NNPC).
Nigeria is expected to add 500,000 barrels per day to its crude oil output once Shell Plc-operated Forcados oil terminal and the Trans Niger Pipeline resume...
Crude oil prices dipped by 2% on Monday following five sessions of consecutive gains as energy investors were concerned that the economic recession could erode demand...
The Nigerian Senate had said Nigeria was losing an average of 1 million barrels of crude oil per day
Equity markets have erased early gains to trade in the red on Thursday, as investors take a cautious approach ahead of Friday's jobs report.
The Nigerian National Petroleum Company Limited (NNPCL) has discovered 395 illegal oil refineries among other illegal assets.
The Federal Government is set to re-open the Trans Niger Pipeline which has a production capacity of 180,000 barrels of crude oil per day.
Global uncertainty concerning recession continued to dictate the price of crude oil and other global commodities
Stock markets aren't faring too badly on Thursday, which is arguably surprising considering how eventful the last 24 hours have been.