Energy
Nigeria loses N151.78bn crude oil monthly – NNPC
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on...
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Oil drops as investors gauge big chill impact on U.S. refineries
Oil prices slid as much as 2% in early trade on Friday, adding to overnight declines, on worries that refineries...
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Petrol subsidy may hit N11.2bn per week, Reps condemn $750m annual loss to gas flaring
The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in one week as...
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We’re ready to resume petrol importation – Oil marketers
Oil marketers have said they are ready to resume importation of Premium Motor Spirit (petrol) if foreign exchange is made...
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DPR to Upgrade Downstream Operations, leverages on technology
The Department of Petroleum Resources (DPR) said it is upgrading the Nigerian oil and gas downstream operations to global standards...
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Petrol landing cost rises to N180, oil crosses $60, IMF rules out Nigeria’s full economic recovery before 2022
The landing cost of Premium Motor Spirit (petrol) imported into the country has risen by 13.34 per cent in one...
Read moreOil climbs after OPEC+ maintains oil output cuts, U.S. stock draw
Oil prices extended gains on Thursday after the OPEC+ alliance of major producers stuck to a reduced output policy, and...
Read moreOil rises as U.S. oil stockpiles drop, new Chinese Covid-19 cases decline
Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s...
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Military clamps down on 13 illegal refining sites in N’Delta
Military authorities said yesterday that troops of Operation Delta Safe dismantled 13 Illegal refining sites set up by oil bunkerers...
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No provision for Fuel, Electricity subsidies in 2021 – Minister
The Federal Government has ruled out the possibility of re-introducing fuel and electricity subsidies, saying there is no provision for...
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