Oil & Gas
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Oil slips as U.S. crude stockpiles rise, eyes on U.S. inflation data
Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude…
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NNPC Transits into a Limited Liability Company
The inauguration of the Nigerian National Petroleum Company Limited is poised to reshape the oil and gas industry in Nigeria…
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NNPC Approves Upward Review of PMS Pump Price of N169 for Lagos, N189 for North East Region
Media platforms are reporting that the Nigerian National Petroleum Company Limited has approved an upward review in the pump price…
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Oil settles lower ahead of potential large U.S. rate hike
Oil prices settled lower on Thursday, but pared nearly all losses after falling more than $4 earlier in the session…
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OPEC+ Reconfirms its Production Adjustment Plan
Last week, OPEC and OPEC + members held their 30th joint technical and ministerial meeting. The monthly meetings were held…
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Diesel price may hit N1,500 per litre in the next two weeks – Marketers
Says 75% of filling stations in Nigeria have gone out of business. The cost of diesel per litre is expected…
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What the Global Oil Crisis Means for Africa
The cost of fuel has risen sharply, with Brent crude oil hitting a 14-year high in recent weeks Energy experts…
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Crude Oil Price on the Rise; Crosses Over $100
Brent oil price passed US$100/bbl for the first time since 2014 as a worsening of the Russian-Ukraine crisis continues to…
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NNPC Reassures Nigerians on Fuel Supply
Promises Remedial Action on Defaulting Importers The Nigerian National Petroleum Company (NNPC) Limited has reassured Nigerians of its capacity to…
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Optimism Over Iran Nuclear Deal Drags Oil Prices Down
Whilst last week’s market narrative was overwhelmingly driven by the current tightness in both crude and products markets, the return…
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