Oil Climbs Up Amid China Demand Hopes, Supply Concerns
Oil prices edged higher on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia’s plans to rein in...
NNPCL To Begin Drilling In Nasarawa State Next Month
The Nigeria National Petroleum Company Limited (NNPC Ltd) will begin drilling of the first oil well in Obi/Keana Nasarawa State on March 21. Malam...
OPEC Raises 2023 Oil Demand Forecast As China Reopens
OPEC has raised its 2023 oil demand forecast by 100,000 barrels per day amid expectations of an economic rebound in China, the world’s largest...
Oil Discovery: Nasarawa Government, Signs MOU Saturday With NNPCL
The Nigerian National Petroleum Corporation Limited (NNPCL) will on Saturday, 18th February, sign a Memorandum of Understanding (MoU) with the Nasarawa State Government, signalling the commencement...
NUPRC Shortlists Firms For Commercialised Gas Flare Programme
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shortlisted 139 firms that applied for Nigerian Gas Flare Commercialisation Programme (NGFCP). About 300 companies applied...
Oil Falls As Strong U.S. Jobs Data Prompt Interest Rate Concerns
Oil prices fell more than 2% on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and...
Cooking Gas Price Increased By 27% In One Year – NBS
The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N3,594.81 in December 2021 to N4,565.56 in...
Oil Marketers List High Demand, FX Costs, Others For Fuel Scarcity
Samuel Mobolaji
Major oil marketers under the aegis of the Major Oil Marketers Association of Nigeria (MOMAN) has attributed the current fuel scarcity and long...
OPEC: Nigeria’s Oil Production Output Rises By 4% To 1.235 mb/d
Nigeria’s oil output rose by four per cent month-on-month (MoM) to 1.235 million barrels per day, mb/d in December 2022, from 1.186 mb/d in...
New Oil Bid Round To Advance Energy Security, Sustainability- Expert
The commission chief executive(CCE) of the Nigeria Upstream Petroleum Regulatory Commission(NUPRC), Gbenga Komolafe, has said, the 2022/23 mini bid exercise officially flagged off in...
