The Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest report has revealed that Nigeria lost 42.25 million barrels of crude oil valued at...
Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was quiet as...
The federal government have earned a total of $236.15bn from petroleum exports over the last five years, a new report by the Organisation of Petroleum Exporting...
OPEC may raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying, because extending production cuts with Russia and...
Saudi Arabia is seeking collaboration with Nigeria on how to ensure oil price stability and oil output ahead of the OPEC meeting in December. Nigeria’s...
Oil prices rose about $1 a barrel a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand...
Major oil producers meet in Abu Dhabi on Sunday to consider reverting to output cuts after a sharp slide in crude prices revived fears of...
Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachukwu, has expressed the optimism that in the next five years, Nigeria will witness less corruption...
Oil prices jumped on Tuesday, June 26, driven by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and...
Minister of state for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, said Nigeria would advise against additional oil supply to the global market by OPEC and non-OPEC members....
