London — Brimming diesel inventories and stronger oil prices are driving down refining profits, stifling incentives to hike production even as fuel demand recovers from the coronavirus... Read more
OpeOluwani Akintayo Lagos — The Nigerian Ports Authority, NPA says it will take delivery of 17 ships packed full of petroleum-products, food items, and other goods from June 4 to June... Read more
Ike Amos Abuja — Nigeria lost N156.83 billion to crude oil and petroleum products theft and vandalisation in 2019, dropping by 6.9 per cent from a loss of N168.5 billion recorded in 20... Read more
Matthew Asabor Lagos – The Trade Union Congress of Nigeria has kicked against Nigeria taking more loans from China. In a Sallah message jointly signed by the President, TUC, Quadri Ola... Read more
News wire — Morgan Stanley on Tuesday raised its year-end Brent price forecast to $40 per barrel, citing a faster-than-expected balance in global oil demand and supply as countries eas... Read more
Ike Amos Abuja — The Nigerian National Petroleum Corporation (NNPC) has disclosed that it spent N43.306 billion, on behalf of the Federal Government, to subsidise Premium Motor Spirit... Read more
*Several International Oil Companies (IOC)s received extensions on existing block licenses in Angola before the COVID-19 crisis LUANDA, Angola — Prior to the onset of COVID-19 and OPEC... Read more
OpeOluwani Akintayo Lagos — As stakeholders in join the Nigerian National Petroleum Corporation, NNPC in steps to combat this global pandemic, experts in the downstream petroleum secto... Read more
SINGAPORE — Oil was headed for its longest run of daily gains since February 2019 after a drop in U.S. crude stockpiles added to signs that the market is starting to balance. West Texa... Read more
May 20 (Reuters) – U.S. crude oil stockpiles fell last week, helping ease concerns about overflowing oil supply, though gasoline and distillate inventories both rose as refiners increa... Read more
