Refineries posted N123.3bn loss in 10 months – NNPC
Businessam Staff
January 23, 2020
The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from
Oil prices fall but set for third weekly rise
Businessam StaffDecember 20, 2019
Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing US-China trade tensions lifted
Concerns as NEITI unveils oil blocks’ owners
Businessam StaffDecember 13, 2019
The Nigeria Extractive Industries Transparency Initiative (NEITI) has unveiled a beneficial ownership register, which holds the
Russian oil major returns to Libya after 5 year break
Businessam StaffDecember 10, 2019
The National Oil Corporation of Libya has announced that Russia’s Tatneft has returned to its exploration project in the North African
US-China trade war sees oil rises further above $62
Businessam StaffNovember 12, 2019
Oil rose further above $62 a barrel on Tuesday, supported by hopes that US President Donald Trump may signal progress on trade talks
OPEC hopeful of near term rebalance, stability in oil market, prices
Aderemi OjekunleAugust 3, 2017
The organisation of Petroleum Exporting Countries (OPEC) is optimistic of near stability in the oil market. Mohammad Sanusi Barkindo,
Libya crude floods market again amid OPEC’s supply cut decision
Businessam StaffAugust 2, 2017
Libya’s crude shipments jumped to a new three-year high last month, dealing a fresh blow to OPEC and allied oil-producing nations as
OPEC, non-OPEC nations set to meet on compliance with oil cut decisions
Businessam StaffJuly 29, 2017
Representatives of some OPEC and non-OPEC nations will meet in Abu Dhabi on Aug. 7-8 to discuss why some of them are falling behind in