After witnessing sharp falls the previous week, oil prices "stabilised" in early Asian trading on Monday, amid continued attempts to establish a ceasefire in the Israel-Palestinian conflict and new U.S. preparations for strikes on Iran-backed forces.
Brent oil futures had increased by "8 cents" to $77.31 per barrel, while U.S. West Texas Intermediate futures were unchanged at $72.28 per barrel by 01:31 GMT, according to Reuters. Read more here.
To address greenhouse gas emissions related to OML 34, the Nigerian National Petroleum Corporation Limited (NNPCL), the largest oil corporation in Africa, plans to collaborate with the US Department of State and the international management consulting firm Deloitte.
Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, announced on Monday that the programme is now in its early conceptual stage. Read more here.
Dangote Refinery and Petrochemical Limited has intervened to mediate the continuing dispute between the National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum Tanker Drivers (PTD) leaders.
The refinery's management requested fast reconciliation to maintain smooth operations at the facility. Read more here.
Ahead of the start of refining operations later this quarter, Shell Nigeria has begun supplying crude oil to Nigeria's Port Harcourt plant.
Deliveries were made to the company this week, according to Bamidele Odugbesan, the company spokesperson, who confirmed this information in an interview with Reuters. Read more here.
Nigeria's National Petroleum Company Limited (NNPCL) has reassured the public once more that it does not intend to raise the price of premium motor spirit (PMS), also referred to as petrol, on the market.
The disclosure was made on Thursday in a press statement by Olufemi Soneye, the oil company's spokesperson. Read more here.