…Says $700 m required to up capacity By DANLADI BATURE IBE Kachikwu, Minister of State, Petroleum Resources and group managing director (GMD) of Nigerian National Petroleum...
Oil hit a 12 year low of $27.50 per barrel on January 20, when bearish sentiment gripped the world’s over-supplied markets. OPEC secretary-general Abdalla El-Badri said...
By BILL EMMOTT PRICE movements as large and rapid as those that have upended oil markets since June 2014 are sure to cause pain to some...
Nigeria’s external reserve has added $18 million in one week following an increase in the prices of crude oil which has hit highs not seen in...
By HAROLD JAMES PRINCETON The price of oil is often regarded as a sort of thermometer to measure the health of the world economy. What is...
THE prospect of OPEC and its rival producers, especially Russia in cooperating to tackle oil supply glut has helped to raise the prices of crude to...
ROYAL Dutch Shell (RDSa.L), Europe’s largest oil company, Royal Dutch Shell has reported its lowest annual income in at least 13 years, vowing to take further...
ARE we to assume that the Bureau of Public Enterprise (BPE) has been deceiving Nigerians and their Government by deliberately selling completed establishments that have been...
Prices of crude which had hit a record low ten days ago moved up earlier today to $33.29 a barrel after world’s biggest crude producer,...
…says it will save $1bn for Nigeria By Odunewu Segun Nigeria is set to replace the crude-for-products exchange arrangement popularly called crude swap with a Direct-Sale-Direct-Purchase...
