The Manufacturers Association of Nigeria (MAN) on Tuesday in Abuja petitioned the Nigerian Electricity Regulatory Commission (NERC) over what it...
Debt-laden oil producer Afren Plc has defaulted on its 2016 bonds after declining to make a $15 million interest payment...
Oil prices seem to have stabilized around the $60 per barrel but the signs that the prices will head downwards...
As part of an International Monetary Fund (IMF) bailout plan reached with government, subsidies on petroleum products totaling GHS50million are...
Asian LNG demand is expected to rise by 7 percent to 187 million tonnes this year before falling 2 percent,...
The Federal Government on Tues- day paid N100 billion out of the N185 billion it claimed it owed oil marketers...
The Federal Government’s plan to launch cylinder project which would enable Nigerians buy cheap cylinders is aimed at increasing consumers’...
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...