The Organisation of the Petroleum Exporting Countries has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursd... Read more
For efficiently deploying its oil revenue to grow other sectors of the economy, including agriculture, Ghana has been tipped to become the world’s fastest growing economy in the next few yea... Read more
The Nigerian National Petroleum Corporation, NNPC, Monday, March 5, 2018, said its cost of producing a barrel of crude oil from Nigeria’s oil fields has further dropped to $20, adding that i... Read more
The completion of Dangote Refinery in 2019 will mark another milestone in the Nigerian oil and gas industry as it holds the prospect of stopping the importation of refined petroleum products... Read more
The prices of crude oil hit a new 2017 high Monday, continuing a rally fuelled by improving demand and expectations that the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC... Read more
The growing stability in the global oil market may work to Nigeria’s advantage, as the Joint Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC Ministerial Monitoring Committe... Read more
Shell Nigeria has stopped production at Nigeria’s Bonga oil field. This is as a result of maintenance works being carried out on the field and expected to last for a month. Shell Nige... Read more
A shocked Senate heard on Monday that Nigeria has no record of its oil and non-oil exports from June 2015 till date. The sad news was made public by an official of the Federal Ministry of... Read more
Two-hundred and twenty four firms have bidded for the rights to market Nigeria’s crude oil estimated at 700, 000 barrels per day for the next one year. The number of bidding companies whic... Read more
Nigerian Naira Exchange Rate