Oil rises on China’s demand optimism,U.S winter storms
By Innocent Obasi & Onome Amuge Numbers on the oil price chart jumped to their highest in three weeks and ...
Monday, May 25, 2026
Tag: Oil
Nigeria’s oil, gas earnings rise 60.42% to N18.18trn, CBN confirms
By Innocent Obasi Nigeria crude oil and gas export earnings have increased by $40.86 billion (about N18.18 trillion) in the ...
Non-oil exporters repatriate $4,987bn into Nigeria in 3 quarters, says CBN
By Cynthia Ezekwe … pays N81bn to Nigerian exporters The RT200 scheme initiated by the Central Bank of Nigeria ...
PetroNor completes acquisition of Panoro’s interest in OML 113
BY Habeeb Ahmed, with agency report. Norwegian junior PetroNor E&P has completed its acquisition of a key stake in the ...
Shell halts sale of Nigeria onshore oil assets
BY HABEEB ADAMU Oil giant Shell has suspended plans to sell its onshore oil assets in Nigeria in compliance ...
Vandals responsible for OML 18 oil leak in Rivers, says NOSDRA
BY HABEEB ADAMU & GRACE AIRHULE The National Oil Spills Detection and Response Agency (NOSDRA) has blamed the oil ...
Barkindo, ex-OPEC scribe, urges all-solutions approach to energy transition
BY MADUABUCHI EFEGADI A former secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, has advised that there ...
IEA sees global oil demand rising 2% to new high in 2023
BY HABEEB ADAMU Global oil demand will rise more than 2 percent to a record high of 101.6 million barrels ...
Nigeria’s oil production plunges 1.2mbpd in April – OPEC data
BY CHISOM NWATU Nigeria’s crude oil production lost 1.53 percent to an average of 1.219 million barrels per day (mbpd) ...
A golden opportunity for energy supply to Europe
BY SUNNY CHUBA NWACHUKWU The global energy equation is drastically changing its beats along sources of the supply chain to ...
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