Atlantic natural gas markets are seeing some of the biggest price swings in years as volatile European trade, freezing US...
Crude oil has posted first monthly gains since June, 2014 supported by an improving demand outlook and supply outages. On...
Oil-rich Nigeria’s main cities are facing acute gasoline shortages as importers feel the pinch of a plummeting local currency, tighter...
The Nigerian economy in January lost about N100.8 billion to a substantial drop in crude oil prices as well as...
The House of Representatives on Wednesday issued a seven-day ultimatum to the Federal Government to lay the full report of...
Brent crude held steady at around $59 a barrel on Wednesday as Saudi Arabia’s oil minister said oil demand is...
In a bid to avert another round of scarcity of petroleum products across the country even as the nation gears...
The Senate Finance Committee has proposed cutting the oil price benchmark in the 2015 budget to $52 a barrel from its...
UK’s dependence on imports of jet fuel is increasing at an accelerated pace as domestic refining capacity continues to dwindle...
Data from the US Energy Information Administration (EIA) in 2010 reveal that 16 of the 54 countries in Africa are...
Egypt has agreed on preliminary deals with Kuwaiti companies for the establishment of petrochemical projects worth $6.8 billion, the government...
Ecuador’s President Rafael Correa said on Tuesday he agrees with a proposal for OPEC to call an extraordinary meeting, describing...
A US judge rejected BP Plc’s attempt to reduce the maximum civil fine it could face for its role in the...
Brent crude oil rose towards $61 a barrel as expectations of falling US rig count numbers outweighed concerns about oversupply....
The Federal Airports Authority of Nigeria (FAAN) on Monday said that there are no plans by Ikeja Distribution Company (IKEDC)...