EIA reports hefty oil inventory build
Crude oil prices hesitated today after the Energy Information Administration reported a US oil inventory build of 7.5 million barrels for the ...
Saturday, April 18, 2026
Tag: Oil and Gas
Global oil demand growth is evaporating
The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic ...
LADOL battles NPA over revocation of oil logistics zone
By Samson Echenim Leading indigenous oil and gas logistics provider, Lagos Deep Offshore Logistics Base (LADOL) has dragged the Nigerian ...
Upstream sector leads global oil & gas M&A deals
By Samson Echenim The upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and ...
Why Petroleum Industry Bill needs to be passed by mid-2020, highlights Timipre Sylva
The Minister of State for Petroleum Resources, Timipre Sylva has disclosed that a new Petroleum Industry Bill (PIB) would be sent to the ...
Nigeria’s state oil firm, NNPC, planning global footprint with expansion
After decades of public expectation, state-owned oil company, Nigerian National Petroleum Corporation (NNPC), now appears ready to establish itself in ...
Coronavirus pushes oil to fifth consecutive weekly drop
Oil prices were on track for a fifth weekly decline early on Friday, weighed down by the loss of demand ...
OPEC committee recommends fresh 600,000bpd oil output cut
With crude oil prices shedding over $11 per barrel this year to $55, thus alarming the producers, a panel set ...
OPEC+ struggles with oil’s incredibly fast fall
OPEC+ is meeting urgently to discuss moves in the face of an inexorable slide in oil prices that has brought ...
Budget under threat as oil sinks to $54
The international oil benchmark, Brent crude, plummeted to its lowest level in more than a year on Monday, trading below ...
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