The Indigenous People of Biafra (IPOB) has revealed the reason the Kenyan government connived with the Nigerian government to arrest its leader, Nnamdi Kanu. It is...
Oil prices extended gains on Thursday as the OPEC+ alliance of major producers stuck to a reduced output policy. The U.S. Energy Information Administration (EIA) reported...
Mr Aliyu Ahmed, the Permanent Secretary, Ministry of Finance, Budget and National Planning on Wednesday said the three tiers of government shared N604.004 billion as federation...
President Muhammadu Buhari has signed a long-awaited oil-reform bill and it will be formally presented in the Senate as early as next week, four sources familiar...
Oil prices fell on Wednesday after an industry group reported a surprise rise in U.S. crude, adding to worries about demand that led to a steep...
Oil prices rose for the fourth day in a row on Friday, putting crude on track for a weekly gain of about 10 percent, after Saudi...
Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production. Although gains were muted...
The Department of Petroleum Resources (DPR) has expressed concern over non-compliance to established protocols aimed at containing COVID-19 pandemic by some oil and gas companies. The...
Oil demand is recovering from the greatest fall in its history in 2020, the International Energy Agency (IEA) said on Tuesday, but less flying due to...
Suspected pirates on Friday, stormed an oil tanker, MT Vemahope at 116 nautical miles of West Agbami terminal, taking away 10 crew members in another kidnap...
British energy giant BP on Tuesday said it slumped into a $4.4-billion net loss in the first quarter as the coronavirus pandemic crushed demand for oil, triggering a...
BP on Tuesday said it slumped into a $4.4-billion net loss in the first quarter as the coronavirus pandemic crushed demand for oil. “The economic impact...
The global oil price benchmark, Brent crude, has extended its decline, plummeting to $19 per barrel on Tuesday, amid the demand collapse caused by reduced economic...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended planned industrial action after 21 Exxon Mobil Corp. employees quarantined last week after...
The Federal Government on Friday said crude oil price would rebound by at least $15 per barrel in the short term following the latest intervention of...