Tuesday, October 27, 2026
Price of cooking gas increased in February – NBS
The National Bureau of Statistics (NBS), said the average cost of refilling a five kilogramme (kg) cylinder of liquefied petroleum...
Read moreDetailsOPEC stresses need for 2019 oil supply cuts as rivals pump more
OPEC on Thursday cut the forecast of global demand for its crude this year as rivals boost production, building a...
Read moreDetailsChina expands switch from polluting coal heating in 2018 -environment minister
China expanded its coal-to-gas and coal-to-electricity projects to 35 cities in 2018 from 12 cities the previous year, China’s environment...
Read moreDetailsOil broadly flat as higher inventories balance out less OPEC supply
Oil prices were broadly unchanged on Thursday as OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran counteracted...
Read moreDetailsNNPC to penalise defaulters of Procurement Act
Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation, on Wednesday, warned the management and staff of the...
Read moreDetailsOPEC and its allies undecided on output cuts amid sanctions on Iran and Venezuela
The Organization of Petroleum Exporting Countries (OPEC) and its partners are unlikely to decide on their output policy in April...
Read moreDetailsNo force majeure on Bonny Light crude- Shell
Royal Dutch Shell has said it has not declared a force majeure on Nigeria’s highest crude grade, Bonny Light following...
Read moreDetailsHeavy crude to be in high demand in 2019 – IEA
Heavy, sour crude oil might be in high demand in the coming months as the global market struggles to adjust...
Read moreDetailsDisCos, TCN mismatch causing low electricity suppy- NERC
The Nigerian Electricity Commission (NERC) has revealed there is a divergence between generated capacity and transmitted and distributed capacity. NERC...
Read moreDetailsOil cut: Saudi Arabia’s Falih says compliance by OPEC members unquestionable
OPEC kingpin Saudi Arabia said it has received pledges of commitment from OPEC members and its allies to cut production...
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