Brent hits five-month high at $46

Lucas Ajanaku OIL prices rose on Monday with Brent topping $46.50 reaching its highest level in over five months. Strong crude demand from China has been...

Petrol price to go up as PPPRA raises ex-depot price by N6

John Ofikhenua, Abuja and Tajudeen Adebanjo, Lagos With N138.62 approved by the Petroleum Products Pricing Regulatory Agency (PPPRA) as ex-depot price for a litre of...

NNPC: no stolen crude oil found in China

Robert Egbe THE Nigerian National Petroleum Corporation (NNPC) on Thursrday denied reports (not by The Nation) that its officials sold 48 million barrels of stolen...

New pump price: Oil marketers insist on full deregulation

Ibrahim Apekhade Yusuf The independent oil marketers operating under the aegis of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) has...

Daily fuel consumption unknown – NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the organisation does not know the exact litres of oil being...

NNPC: Refineries earn N3.45 billion, incur 160.13 billion expenses

The Nigerian National Petroleum Corporation says the nation’s refineries generated a total revenue of N3.45bn in 2018 while salaries and other expenses gulped N160.13bn...

NNPC: Refineries earn N3.45 billion, incur 160.13 billion expenses

The Nigerian National Petroleum Corporation says the nation’s refineries generated a total revenue of N3.45bn in 2018 while salaries and other expenses gulped N160.13bn...

Mele Kyari: NNPC mulls growing nation’s reserve to 40 billion barrels by 2023

The Nigerian National Petroleum Corporation (NNPC) says its target to grow the nation’s reserve to 40 billion barrels by the year 2023. Malam Mele Kyari,...

Mele Kyari: NNPC mulls growing nation’s reserve to 40 billion barrels by 2023

The Nigerian National Petroleum Corporation (NNPC) says its target to grow the nation’s reserve to 40 billion barrels by the year 2023. Malam Mele Kyari,...

Mixed reactions trail FG’s deregulation of downstream oil sector

Edith Ike-Eboh Some experts in the oil and gas sector have expressed concern over Federal Government’s pronouncement of deregulating the downstream oil and gas sector...

US oil slips below $15 per barrel

US oil prices fell heavily on Monday and slipped below $15 a barrel on renewed storage concerns as the coronavirus throttles demand, even as...

Virtually all Equatorial Guinea oil business on hold – minister

Virtually all oil and gas projects and licensing rounds are on hold in Equatorial Guinea as the country braces for an extended oil downturn...

Brent crude shoots up 11.8%, West Texas 30% on U.S., Iranian tensions

EmekaUgwuanyi AN upward swing in the prices of oil on Thursday rekindled hope of rebounds at the international market. Brent crude, the international benchmark which is...

COVID-19: Why oil vessel, MT Chloe, was barred from Tin Can Port

An indigenous company, Vewat Shipping Limited, has refuted claims that an oil vessel, for which it was appointed as agent, was stopped from berthing...

Oil price climbs to $29 per barrel

Emeka Ugwuanyi It was cheery news in the global oil industry on Thursday as the price of international benchmark grade, Brent crude, climbed $4.40 or...

NUPENG threatens strike over sacked refinery workers

Mike Odiegwu, Port Harcourt The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have threatened to commence an industrial action following the decision of...

IPMAN kick against new petrol pump price, says members incurred N5.5 billion loss from...

The Independent Petroleum Marketers Association, IPMAN, have on Wednesday kicked against the N123.50 new fuel pump price saying it members will not comply with...

Fuel price reduction threatens our businesses – station owners

Owners and operators of petrol stations across the country, on the platform of Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, on Wednesday,...

Oil marketers back govt’s fuel price reduction

 Emeka Ugwuanyi OIL marketers under the aegis  of Major Oil Marketers Association of Nigeria (MOMAN) on Wednesday backed Federal Government’s decision to cut the pump...

Shell income drops by $7.5 billion

ROYAL Dutch Shell has recorded a drop of $7.5 billion in its income. The oil giant’s 2019 yearly report showed that its income in...
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