Oil
Global Crude Oil Prices Edges Up To $62 On Nigerian Workers Threat, Chinese Demands.
Oil prices edged up on Friday, on account of threat by Nigerian Petroleum and Natural Gas Workers Association, PENGASSAN, to...
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NNPC’s exit of JV cash calls to end project deferments by IOCs – PETAN
The Petroleum Technology Association of Nigeria (PETAN) has stated that the exit of joint venture cash calls by the Nigerian...
Read moreSpot trade returns for Nigerian crude just as IOC takes Agbami, others
Some spot activity returned to the market on Thursday mopping up a few more January loading cargoes, Reuters reports. ...
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Supply shortfall cause of fuel scarcity – Kachikwu
Nigerian Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the major cause of the fuel scarcity currently being...
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NLNG boosts LPG industry with 350,000 mt cooking gas per annum
By Ayobami Adedinni In order to ensure a reliable and affordable supply, Nigeria LNG limited (NLNG) has restated its commitment...
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Oil trades near $56 after slump as US gasoline stockpiles gain
Oil held losses near $56 a barrel after falling the most in two months as U.S. gasoline stockpiles expanded more...
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China looking to sell Nigeria business
China’s Sinopec Group has hired BNP Paribas to sell its oil business in Nigeria and Gabon, three people with knowledge...
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Total Needs $16bn to complete Nigeria Oil Project
Total Nigeria’s management has said that it will complete the Egina field development project with an initial budget provision of...
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Consumers groan in Lagos, Abuja as fuel scarcity worsens
The fuel supply situation in the country took a turn for the worse on Tuesday as queues of desperate motorists...
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Stop panic buying, NNPC tells Nigerians as queues persist
The Nigerian National Petroleum Corporation (NNPC) has urged fuel consumers across the country to desist from panic buying, assuring that...
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