CRUDE oil prices declined on Monday as the United States dollar strengthened, thus discouraged investors from more expensive, dollar-based oil trading. The U.S. dollar, seen as a safe haven, rose …
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energy
By Adebowale Akanji BRENT crude steadied at $75 a barrel on Thursday as the United States records a big drop in stock amidst expectation of global demand recovery. The oil market …
THE multinational oil company, based in Mkpanak in Ibeno Local Government Area of Akwa Ibom, ExxonMobil, has said that it contributed N67.5 billion to the Niger Delta Development Commission (NDDC), …
By Olu Anisere OIL jumped on Monday as hurricane-induced disruption keeps United States output low while Organisation of Petroleum Exporting Countries (OPEC) keeps forecast for the year unchanged. U.S. output remains …
A TOTAL of N69.07b was paid to workers at the government-owned refineries last year, even as the plants generated zero revenue as they did not process a single barrel of …
By Adebowale Akanji NIGERIA’S crude oil sales drive 80% of foreign receipts from exports in the second quarter of 2021, data released by the National Bureau of Statistics (NBS) shows. According …
OIL prices fall on Thursday as the Organization of Petroleum Exporting Countries and allies (OPEC+) uphold planned output raise at its policy meeting in September 2021. The oil group had said it …
MARKET prices of crude oil jumped early on Wednesday as the Organisation of Petroleum Exporting Countries and allies (OPEC+) members. Following the resolve of the impasses between key members, the United Arab …
ANAMBRA State has officially joined the list of oil-producing states in Nigeria. This follows an approval granted by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) after it ratified the …
THE Department of Petroleum Resources (DPR) says the Federal Government’s plans to increase the nation’s oil and gas reserves, are on course and being boosted by strategic policies and programmes. Mr …