President Muhammadu Buhari Wednesday pledged the cooperation of Nigeria to the effort to reduce oil output in order to attract higher prices in the global market....
Crude prices rose more than 1 percent on Wednesday to their highest level this year on hopes that oil markets will balance later this year, helped...
The National Bureau of Statistics (NBS), said the average prices paid by consumers for kerosene and diesel increased in January 2019. The price of kerosene increased...
Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC-led supply cuts and a partial shutdown of Saudi Arabia’s biggest...
Nigeria’s crude oil production including condensate has taken a dip, falling to 1.999 million barrels per day in January from 2.081 million bpd in December, figures...
The Federal Government recorded an increase of 1,811.3 megawatts (MW) in power generation in January 2019, as the Transmission Company of Nigeria (TCN) transmitted 127,157.7mw as...
No fewer than 60 indigenous oil and gas companies are to benefit from the federal government’s business intervention Project called “Project 100”. The Minister of State...
Venezuela’s revenues from oil sales to the United States have come under severe threat as sweeping sanctions on Venezuelan state-owned oil firm has sent U.S. buyers...
President Muhammadu Buhari has assured residents of Abia State 24-hour power supply. The President stated this on Tuesday when he visited the state capital to inaugurate...
