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Nigeria ready for output cuts as OPEC mulls deeper cuts to rebalance market
Amid current global oil glut that have seen oil prices…
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British Petroleum doubles down deepwater drilling despite surging shale
The British Petroleum (BP) has intensified efforts on deep-sea drilling…
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Oil revenues from producing states make up 41% of N418.8bn shared by FG in May
Nine oil producing states, including Lagos, contributed N174.99 billion (or…
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Bearish oil prices persist as OPEC focuses on surging Libyan, Nigerian output
Bears are dominating the oil market. Hedge funds cut bets…
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Qatar’s emir meets Exxon Mobil Corp CEO over energy supply talks
The emir of Qatar met with Exxon Mobil Corp chairman…
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Oil, gold and bitcoin
The falling price of oil did not garner any mainstream…
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OPEC has few escape routes from another bear market in oil
Oil’s back in a bear market and investors remain unmoved…
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Nigeria’s oil production falls 29.55% year-to-date below budget benchmark of 2.2mbpd
Nigeria’s suboptimal oil production levels of 1.55 million barrels per…
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Indonesian firm to build refinery in Nigeria
The Federal Government’s plan to attract investment in modular refineries…
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Oil price slumps to seven-month low as Saudi king unveils successor
A renewed slump in oil prices to seven-month lows dragged…
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