The world’s biggest oil trader negotiates Venezuela oil purchase
The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a ...
Tuesday, April 21, 2026
Tag: Oil and Gas
Rig count inches lower in dramatic week for oil
Baker Hughes reported that the number of oil and gas rigs in the US fell this week by 1 to ...
Naira devaluation likely soon due to oil price slump – Survey
The Nigerian central bank will be unable to maintain the naira’s value for much longer as a slump in oil ...
Shake-up as NNPC asks 40 GGMs, GMs to go
The management of the Nigerian National Petroleum Corporation has retired about 40 group general managers and general managers at the ...
No end in sight for the oil price crisis, says Daniel Yergin
Rebalancing the oil market in a context of dropping demand and rising supply will take a while, energy expert Daniel Yergin told ...
Nigeria, others lose $500m daily to oil price crash
With the steep fall in crude oil prices this week, Nigeria and other members of the Organisation of Petroleum Exporting ...
Oil price crash: SEC boss calls for emergency measures
Acting Director-General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk, yesterday, has called for emergency measures to insulate ...
Dangote set for 100,000 barrels of oil production
Africa’s richest man, Alhaji Aliko Dangote is set to diversify his business empire by venturing into the oil sector. The billionaire will ...
Saudi Arabia prepares to flood the oil market
The Saudi Energy Ministry has told Aramco to increase its oil production capacity to 13 from 12 million bpd, the ...
Coronavirus: FG to review budget, adopt new oil benchmark
Amid tumbling prices of crude oil, the federal government is set to cut the country’s 2020 budget. President Muhammadu Buhari ...
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