Energy
FG Announces Addition of 3.53TCF to National Gas Reserves
The federal government has announced the discovery of an additional 3.53 Trillion Cubic Feet (TCF) of gas in the country,...
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Nigeria’s output down to 1.38mbpd in May as OPEC sees more demand in H2
Nigeria’s oil production output dropped to 1.388 million barrels per day, from the 1.46mbpd it pumped in April according to...
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FG pays marketers, others N940.2bn on Oil Subsidy
Oil marketers, exporters, local contractors in the Nigerian Oil Sector have been paid the sum of N940.2 billion as repayment...
Read moreOil prices climb on signs of strong fuel demand recovery
Oil prices rose for a second session on Wednesday on signs of strong fuel demand in western economies, while the...
Read moreOil prices fall again amid concerns over demand rebound
Oil prices lost more ground on Tuesday as concerns about the fragile state of the global recovery in demand for...
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OPEC members lost $1trn in 2 years to price slump – Barkindo
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammed Barkindo, on Monday disclosed that member nations lost...
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Oil steady after mixed U.S. crude inventory report
Oil prices steadied on Thursday following two straight days of gains that took oil futures to highs not seen in...
Read moreOil settles up after hitting 15-month highs on demand prospects
Oil prices settled higher on Tuesday, with Brent hitting above $71 and trading at its highest since March, on expectations...
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Oil rises for a third day on expectations for fuel demand pickup
Oil prices rose for a third day on Thursday on expectations for a surge in fuel demand, particularly in the...
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Oil prices rise on OPEC+ discipline, strong demand outlook
Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously return oil supply in...
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