Oil and Gas

Global investment in renewable energy projects dipped to $332.1 billion in 2018,down 8 percent from 2017, as a result of...

The Organization of Petroleum Exporting Countries (OPEC) said Thursday it has already slashed its crude oil output by some 750,000...

Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as...

Crude oil futures settled on Wednesday after the release of American Petroleum Institute data showing a draw in US crude...

Femi Otedola, the chairman of Forte Oil Plc, has expressed interest to participate in a divestment opportunity that will see...

Nigerians consumed an average of 53 million liters/day in 2018, up about 1.5 percent from the previous two years, the...

Asia, Africa, and the Middle East have been identified as the biggest drivers of global energy consumption since the 1980s,...

Investment inflow into the Nigerian petroleum industry slowed down in the third quarter of 2018, as foreign capital inflow in...

Oil-related crimes cost Nigeria a $2.8 billion revenue loss in 2018, as attacks on oil installations, maritime crime and piracy...

Crude oil futures traded higher on Wednesday, with Brent crude futures were up $1.01 at $59.73 per barrel, while the WTI...