Russia intends to keep its vow to cut back on oil shipments in August according to confidential sources quoted by Reuters. The western ports ...
For very clear reasons (no thanks to the ongoing Russian-Ukraine war), economic worries competed with a tighter supply outlook for later in the year a...
As consumption of inexpensive Russian oil increases and industry demands more oil, OPEC's proportion of India's oil imports is expected to dec...
Russian petrol shipments increased in the first quarter of 2023 year compared to the corresponding period in 2022 as Moscow placed increasing amounts ...
Nigeria loses billions in revenue by relying on international and indigenous oil companies to determine the amount of crude oil they produce. ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared six more regulations for the petroleum sector have been finalised and ...
The Organization of the Petroleum Exporting Countries (OPEC) just-released Monthly Oil Market Report for September revealed that Nigeria's crude o...
Oil prices dropped on Thursday after Brent crude struck a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide su...
Operatives of the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission (EFCC), have arrested 18 person over illegal oil bunkeri...
The price of lubricant, which is also called "engine oil", has jumped over 70 per cent this year due to the scarcity of base oil in the global market...
Chief Timipre Sylva, the Minister of State for Petroleum Resources has reiterated the need to deregulate the downstream sector through market-dri...
The Federal Government says it is targeting the Trans Saharan and European markets with the ongoing construction of the Ajaokuta, Kaduna, Kano Gas Pip...
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has backed the new centralisation policy of online products by (NNPC) and the Pipe...
Oil prices went on the rise on Friday, edging up 2 percent to reverse previous selloff. Fears are rising that it may take an extended per...
Oil marketers will now determine the price of Premium Motor Spirit (PMS) price, popularly known as petrol, after the Federal Government relaxed its gr...