Oil prices climb by over 6% after significant decline
Global crude oil prices recorded sharp gains on Wednesday, with both Brent and West Texas…
CBN announces pre-shipment inspection agent for oil export
The Central Bank of Nigeria, CBN, has announced the appointment of Candid Oil Services…
Trump announces US majority control of Venezuela’s oil reserves
United States President Donald Trump has announced an agreement granting the country majority control…
Nigerian Navy uncovers hidden illegal fuel depot, recovers 11,800 litres of oil in Rivers
Nigerian Navy says it has uncovered a hidden illegal fuel storage depot containing about…
Global oil prices drop as Venezuela plans to exit OPEC
Global crude oil prices declined amid speculation over Venezuela's planned exit from the Organisation…
Nigeria Meets 104% OPEC Quota As Production Hits 74-Month High — NUPRC
Nigeria has met its production quota set by the Organisation of Petroleum Exporting Countries…
Police SFU probes alleged billions of dollars fraud in Nigeria’s oil, gas sector
The Police Special Fraud Unit, SFU, Ikoyi, Lagos, has opened investigations into alleged financial…
Oil Prices Surge On US-Iran Attacks, Tech Shares Tank
World oil prices surged Monday as a fresh flare-up between the United States and…
IPAC urges C’River lawmakers to protect state’s oil interests
The Inter-Party Advisory Council, IPAC, Cross River State chapter, has urged the state's representatives…
Venezuela Oil Output ‘Not Affected’ By Quakes — President
Venezuela's acting president, Delcy Rodriguez, said Monday that the country's oil production was "not…
North-East governors seek revival of stalled Borno oil exploration
The North-East Governors' Forum (NEGF) has called on the Federal Government to revive stalled…
Nigerian govt returns 13 oil blocks to licensing basket as 143 firms submit bids
The Federal Government has announced that 13 of the 50 oil and gas blocks…
NIMASA confirms oil spill after vessel collision, five injured
The Nigerian Maritime Administration and Safety Agency, NIMASA, has confirmed an oil spill in…
Fuel price hike: Global oil prices increase by nearly 4%
Global oil prices surged by nearly 4 percent on Wednesday amid continued airstrikes in the Middle…
WTI Crude Price Falls Over 5% Despite New US Strikes On Iran
The price of the main US benchmark for oil fell more than five percent…
Reps Step Down Bill To Ban Unbranded, Unfortified Edible Oils
The House of Representatives has stepped down a bill seeking to ban the production,…
