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03 May 2016, Abuja — The Federal Government has said it would pay subsidy on Premium Motor Spirit, otherwise known as petrol, from the recoveries made in the first quarter of 2016. This is contained in the latest Petroleum Product Pricing Regulatory Agency, PPPRA, template released in Abuja, yesterday. The...

*China’s major crude oil terminal, Qingdao harbor. 03 May 2016, Singapore — Logistical bottlenecks and swelling crude inventories will soon...

03 May 2016, Abuja – The Federal Government has dragged Shell Nigeria Exploration and Production Company before a Federal High Court sitting in Abuja,...

03 May 2016, Abuja – Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, yesterday disclosed that...

…Banks on return of production in Nigeria, others Oscarline Onwuemenyi, with agency reports 03 May 2016, Sweetcrude, Abuja – Oil supply growth...

Oscarline Onwuemenyi 02 May 2016, Sweetcrude, Abuja – The Petroleum Products Pricing Regulatory Agency (PPPRA) has uncovered an illegal facility...

*Crude oil export pipeline. 02 May 2016, Kampala – The Singaporean minister of state for trade and industry has advised Uganda not to be excited by the potential prospects the oil industry seems to present. According to Dr Koh Poh Koon, much as oil has the potential to turn around Uganda’s economy, agriculture remains the country’s strength because it...

02 May 2016, Lagos – The slump in the prices of crude oil has continued to take its tolls on  companies’ financial results as Chevron Corporation...

*Fuel hawkers engaged in brisk business. 02 May 2016, Abuja — A civic group has expressed concern over the lingering energy crisis and the burden...

*US oil producers. 02 May 2016, Houston — U.S. oil producers pounced on this month’s 20 percent rally in crude futures to the highest level...