Ibe Kachikwu

Why oil may no longer hit $100 – Kachikwu

Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu, on Tuesday said crude oil may no longer hit $100 per barrel in the international...
Mohammad Barkindo

OPEC’s Barkindo says has Putin’s word Russia won’t flood oil market – CNBC

OPEC Secretary-General Mohammad Barkindo told CNBC on Tuesday he has President Vladimir Putin’s word that Russia will not flood the oil markets. * Barkindo told...

Fuel Queues: NNPC Plans Two Billion Litres For February

In a bid to keep the country wet with petrol and eradicate the fuel queues that have resurfaced in some cities, the Nigerian National...

Oil prices extend declines

Oil prices on Monday extended declines from the end of last week amid a wider market sell off and a stronger dollar, with Brent...

IPMAN to begin construction of $3bn refinery

The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to commence work on its proposed $3 billion (N1.08 trillion) refinery in two states...

Petrol prices go up in Qatar, more than in Nigeria

Qatar Petroleum said it has reset the prices of petroleum products in the country, in line with international oil prices. Effective from 1 February, Premium...
NLNG

Eni sees East Med as key to diversifying Europe’s gas imports

Gas projects in east Mediterranean countries such as Egypt, Cyprus and Israel will be key to help Europe diversify its gas imports as output...

NNPC Records $239.10 Million Crude Oil Export Sales 

The Nigerian National Petroleum Corporation, NNPC posted a total crude oil and gas export sale of $239.10Million in the month of November, 2017. Details of the...

Oil prices rise to $70

Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of...

NNPC Selecting Financiers for Refineries

The Nigerian National Petroleum Corporation (NNPC) is finalising selection of financiers for the Port Harcourt Refining Company Limited (PHRC), Warri Refining and Petrochemical Company...