A Policy analyst and social entrepreneur, Patrick O. Okigbo III, says with Nigeria’s crude trading at about $11, many states government will become insolvent if adequate...
The U.S. crude futures plunged more than 85% on Monday to the lowest price on record as storage space for U.S. crude was filling up and...
There appears to be no respite in sight for oil producers, as the volatility and continuous price slump in the global oil market continue. Investigations have...
Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has directed its members to shut operations and all activities at the nation’s oil rigs and...
Despite the deal by the Organization of Petroleum Exporting Countries, its allies (OPEC) and other top oil producers, in addition to the intervention of US President,...
Operators in the downstream sector have predicted further fall in the pump price of petrol if other operators towed the path of the Nigerian National Petroleum...
Oil prices slumped more than 50 cents a barrel on Monday despite historic agreement reached by OPEC and its allies, led by Russia to reduce oit...
By Kingsley Chukwuka, Jos The Jos Electricity Distribution Company, (JEDC), has donated safety materials to the government of Plateau, Benue, Bauchi and Gombe States to halt...
Oil-producing giant, Shell has declared force majeure on exports of Nigerian Forcados crude oil. The Trans Forcados pipeline exports about 240,000 barrels of crude daily. According...
The Association of Distributors and Transporters of Petroleum Products, ADTOP, has applauded the Nigerian National Petroleum Corporation, NNPC, for reducing the prices of diesel (AGO) and...