Ike Amos Abuja — The Nigerian National Petroleum Corporation, NNPC, Monday, assured of steady fuel supply across the country, stating that it has activated measures to guarantee seamle... Read more
Johannesburg/London — Africa is crying out for debt relief to weather a perfect storm of coronavirus, plummeting oil and commodity prices, mounting budget deficits and weaker currencie... Read more
London — Crude oil fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest level in 18 years, on heightened fears that the global coronavirus sh... Read more
Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $24.26 a barrel on Friday, compared with $26.04 the previous day, according to OPEC Secretariat calculations. The OPEC... Read more
Mkpoikana Udoma Port Harcourt — The Movement for the Survival of the Ogoni People, MOSOP, says the exoneration of Ogoni nine, executed by the Federal Military Government on November 10... Read more
*As countries hawk grades below $20 per barrel OpeOluwani Akintayo with agency report Lagos — More reasons have emerged why Nigeria’s crude grades are currently not appealing to buyers... Read more
Ike Amos Abuja — The Nigerian National Petroleum Corporation (NNPC), Total, ExxonMobil, Shell and 30 other oil and gas companies operating in Nigeria, have intervened with over $30 mil... Read more
London — Some crude traded on a spot basis to China on Friday while the demand outlook in Europe and India, a key buyer of Nigerian crude, looked dismal as the first refinery shut down... Read more
News wire — Only the old hands at the Coffeyville oil refinery could remember anything like the prices posted this month. The small Kansas plant in the heart of rural America was offer... Read more
London — Brent oil futures may be trading at $27 per barrel but oil producers are selling their crude in the physical market at lower prices not seen since the aftermath of the Asian f... Read more
