Oil and Gas

The Nigerian National Petroleum Corporation (NNPC) has reported a trade deficit of  N5.27 billion as at April, 2017, which it attributed...

The Federal Government’s plan to attract investment in modular refineries as part of efforts to boost local refining capacity has...

A renewed slump in oil prices to seven-month lows dragged down world stocks and long-term bond yields on Wednesday, as...

Baring major downward swing in the price of crude oil at the international commodities market or shift in OPEC’s support...

The past month’s plunge in oil prices has turned the market for hedging upside down. Oil producers have scaled back...

Hedge-fund pessimism about crude prices is spilling into gasoline markets, even at the time of year when demand is highest....

Concerned by an imminent crash in oil price following uncontrolled pumping of crude into an already saturated global market, investors...

Libya's biggest oil field, Sharara closed down on Wednesday due to workers' protest has been reopened and expected to  resume normal production within three...

The pace of the United States’ oil exports hitting an average of one million barrels a day this year is...

Libya’s biggest oil field is reportedly shut down due to a protest by workers, stalling a revival in the politically divided...