New York — A flurry of tentative bookings to export U.S. crude oil from the Gulf Coast suggests demand is edging up after the coronavirus slammed energy consumption worldwide. BP, Traf... Read more
OpeOluwani Akintayo Lagos — As countries begin to lift months of lockdown caused by the COVID19 virus, Asian country, India is starting to import more crude oil from Nigeria. Indian oi... Read more
SINGAPORE — Oil trimmed its biggest monthly advance on record as crude was swept up in the broader negative sentiment around deteriorating U.S.-China relations, even as historic supply... Read more
Ike Amos Abuja — The Nigerian National Petroleum Corporation (NNPC) said it paid N551.22 billion as subsidy, otherwise called under-recovery, for Premium Motor Spirit (PMS) also known... Read more
Dubai — State-run Abu Dhabi National Oil Company (ADNOC) has informed its customers of a cut in its crude oil nominations for July in line with a decision by OPEC+ last month to reduce... Read more
Caracas/Maracay — Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing fuel from Ira... Read more
OpeOluwani Akintayo Lagos — The Department of Petroleum Resources, DPR said it has put back implementation of the new registration fees for oil and gas trainings in the country until f... Read more
OpeOluwani Akintayo Lagos — Experts in the Nigerian oil and gas sector have called on the federal government to engage in proactive measures to save its economy from shock as the world... Read more
Boston/New York — National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-th... Read more
Sao Paulo — Brazil’s state-controlled oil firm Petroleo Brasileiro SA has hired banks to coordinate a global bond issue of an unspecified amount, according to a securities filing on We... Read more
