Nigeria lost $42bn to oil theft in 10 years – NEITI
As per a verifiable reports from the Nigeria Executive Industries Initiatives, around $41.9bn worth of crude oil and refined products
Oil prices fall as crude build-up offsets hopes for U.S.-China trade talks
Oil prices fell on Wednesday, pulled down by a larger-than-expected build-up in U.S. crude stocks, after gaining for three straight
Dangote: Nigeria will soon be exporting rice
The Dangote Group has pledged to change Nigeria’s narrative as a rice importing nation, to a major exporter of the staple food. The
NNPC saves over $3bn from arbitration
By Moses Obajemu The Nigerian National Petroleum Corporation has saved over $3bn from arbitration, Mele Kyari, the oil firm’s group
We may have to worry about peak oil demand soon
By Mudashir Tunde A peak oil demand might continue to result in its rise in value for the next ten years if the world
Thieves stealing our 10,000bpd, Shell cries out
Shell Petroleum Development Company of Nigeria Limited has said it is losing about 10,000 barrels of oil per day from its pipelines to
Nigeria’s energy sector records N861.67bn products importation in Q1 2018
Nigeria’s energy sectors, oil, gas and solid minerals recorded over N861.67 billion worth of products importation during the first
OPEC production climbs by 35,000 bpd to 31.87m bpd in May, report shows
Crude oil production by member countries of OPEC rose in May, the Organization of the Petroleum Exporting Countries and Russia stated
Oil prices steady as markets await Trump, Kim Singapore meeting outcome
Oil prices were little changed in early Asian trading Tuesday as markets awaited the outcome of a summit between U.S. President Donald
Nigeria’s vice president Osinbajo wants oil revenues used to diversify economy
Nigeria must use its oil and gas revenues to pursue its economic diversification agenday, its vice president, Yemi Osinbajo, said on