12 November 2016, Abuja — The Minister of Power, Works and Housing, Mr Raji Fashola, on Thursday said the Federal…
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12 November 2016, London — OPEC members are making the task of oil market rebalancing harder by maximizing their production…
A statement from the Ministry of Petroleum Resources said that the Minister of State, Dr. Emmanuel Ibe Kachikwu, had “expressed his grave concern and disappointment about the recent pipeline attacks”
The Federal government seeks, according to the proposal, to end the country’s reliance on oil exports and shift to a “gas-based industrial economy,” and said Nigeria needs to reform the oil sector or risk output falling.
11 November 2016, London — OPEC reported an increase in its oil production in October to a record high led…
Kunle Kalejaye 11 November 2016, Sweetcrude, Lagos — President Muhammadu Buhari has pledged to strengthen maritime security in the Gulf…
Kunle Kalejaye 11 November 2016, Sweetcrude, Lagos — The National Assembly Committees overseeing the Nigeria Maritime Administration and safety Agency…
11 November 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $42.67 a barrel…
According to a report by Platts, Kyari, in the statement, said, “The crude tender will close on November 24 and we expect to have new contracts in place before the end of the second week of December.”
10 November 2016, Lagos — Share markets plunged Wednesday and the dollar tumbled against the yen and the euro as…