- Friday, June 12, 2026
BusinessDay
Nigeria will ship the most crude in more than three years in October, adding to downward pressure on oil prices...
The oil price recently fell as low as $46 a barrel having hovered around $50-$60 per barrel since the beginning...
Sahara Power Group, a conglomerate in Nigeria’s power sector, is working towards achieving generation of 10,000mw in Africa within...
Godknows Igali, permanent secretary, Federal Ministry of Power, on Monday said the Federal Government was working hard to improve the...
As the Brent and WTI crude futures spread narrows, arbitrage opportunities are beginning to open up for Nigerian crude to...
Production of US shale oil will fall sharply next year as a result of the collapse in crude prices, the...
Venezuela’s state-run oil company PDVSA has bought three new cargoes of Angolan and Nigerian crudes for delivery at Bullenbay terminal...
Basil Ogbuanu, national president, Nigerian Association of LPG Marketers, has urged the Federal Government to boost the nation’s oil production...
The Department of Petroleum Resources (DPR) on Monday re-stated that erring petroleum marketers would be heavily sanctioned. The warning came...
Oil markets were fairly stable in early Asian trading on Monday with U.S. crude contracts receiving support from reduced American...
The Nigerian Civil Aviation Authority (NCAA) said on Sunday that it would commence official registration of all aviation fuel marketers...
The oil price slump will force non-Opec producers including the US to cut output but drive demand for the cartel’s...
urges Ogoni to stop oil theft, illegal refining...
Eko Electricity Distribution Company has within the last two years, spent about N20 billion for system upgrade and network reinforcement...
Indonesia is close to rejoining OPEC despite a continuing decline in crude output in Southeast Asia’s largest economy. The country...
