There is nothing wrong with the continued payment of fuel subsidy because the landing cost per litre of premium motor spirit is around N204 and the read more »

President of the Senate, Dr Bukola Saraki, has said the upper chamber of the National Assembly will on Tuesday (today) further probe the claims by read more »

The Nigerian National Petroleum Corporation has said it can sign crude-for-product deals with Shell and ExxonMobil, similar to the one signed with BP read more »

The Aje field, offshore Lagos, where crude oil production started nearly two and a half years ago, saw its output decline by 75,936 barrels to read more »

The Oil Producing Exporting Countries (OPEC), on Tuesday, disclosed that a whopping $10. 3 trillion investment would be required to meet the 15 read more »

Oil prices rose, Tuesday due to uncertainty over Libyan oil exports, although there are plans by producer cartel OPEC to raise output loom. Brent read more »

OPEC members have agreed on a combined increase in crude oil output of one million barrels per day, the oil minister of the cartel’s kingpin Saudi read more »

Vietnam has arrested four senior oil executives on allegations of abuse of power, in the latest arrests to target the country’s corruption-plagued read more »

OPEC energy ministers scrambled to hammer out a compromise on oil output policy Friday as they debated a Saudi proposal to ramp up production that read more »

A force led by Libyan military strongman Khalifa Haftar said Thursday it had recaptured two key oil ports, a week after they were seized by a rival read more »