Price crash: NNPC targets $10 oil production cost
The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10
Oil prices climb, bolstered by ongoing supply curbs
Oil prices rose on Tuesday, supported by signs that producers are following through on commitments to cut supplies and as fuel demand
Petrol price may increase as Brent stabilises around $35/barrel
Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising concerns of a
OPEC to dominate oil markets for the foreseeable future — Goldman Sachs
OPEC will regain its position as a dominant force on international oil markets after the world emerges from the current crisis,
FG explains why marketers can’t exclusively determine petrol prices
The federal government has shed more light on what it described yesterday as the full deregulation of the downstream petroleum sector,
NLNG signs $7bn train 7 contracts with Saipem, Chiyoda, Daewoo
Nigeria LNG Limited (NLNG) has signed the engineering, procurement and construction (EPC) contracts for its Train 7 Project with the
NNPC: Nigerians consumed 1.2bn litres of petrol in 30 days
Nigerians consumed about 1. 2 billion litres of petrol in January, with a daily utilisation rate of 38.6 million, a report by the
Oil falls on fears of second coronavirus wave
Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia
FG will offer small oil fields for licensing – NNPC
The federal government will offer marginal oil fields for auction this year despite the crash in crude oil prices, Mele Kyari, the
Oil prices fall as rising U.S. inventories reassert supply concerns
Oil prices fell on Wednesday, ending a multi-day streak of gains, as investors focused on oversupply risks after U.S. crude