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The U.S benchmark, the West Texas Intermediate (WTI), has broken through the $80 resistance zone, to currently stand at $81.30, a seven-year high, on the back...
Six state governors in the South South region have demanded the upward review of oil derivation formula from the present 13 per cent to 50 per...
Oil prices climbed above $81 on Monday as the Organisation of Petroleum Exporting Countries and its allies announced that it would maintain its steady output increase...
Nigeria’s leading indigenous refinery, OPAC refineries has announced the completion of production of the first set of refined products in its refinery in Kwale, Delta state...
The Nigerian National Petroleum Corporation (NNPC) has said that the supply crisis which has negatively affected the global natural gas market and has led to rising...
The apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, has faulted the failure of the Federal Government to accord Enugu State, the status of an oil-producing state. The...
THE people of Ohaji living outside Nigeria have called for a thorough investigation into the recent killing of four oil workers by gunmen in Ohaji/Egbema Local...
Crude oil futures closed the week posting their biggest loss in nine months as two consecutive sell-off days pushed the prices. Investors sold futures in anticipation...
The Nigerian National Petroleum Corporation, on Friday, cautioned against any further legal challenge by Shell Petroleum Development Company over Oil Mining Lease 11, saying it is...
The international oil benchmark, Brent crude, sank on Thursday to its lowest level since May as demand fears and comments from the United States Federal Reserve...