Price of Brent crude rises to $31.55 as oil demand picks up

Crude oil prices gained Thursday, after China’s impressive export data was released hours ago. China’s exports surged by 3.5% in April from a year...

Group to host webinar on financing recovery of African Oil, Gas markets

In line with its recently-released Common-sense Energy Agenda that calls for banking and financial support to the oil & gas sector, the African Energy...

Real reasons price of Nigeria’s black gold went down

It has been two days straight and the crazy Western Texas Intermediate (WTI) crude oil price remains below zero for the first time ever....

G20 backs OPEC+, deal in jeopardy as Mexico refuses cuts

In an historic effort to power the oil and gas industry out of its worst tailspin in its 100-year history, the United States, Canada...

Finally, FGN abolishes fuel subsidy regime

The Federal Government of Nigeria (FGN) has finally bowed to long-standing pressure to restructure the downstream segment of the Nigerian oil industry by removing...

What oil companies must know to remain afloat amidst global pandemic

In this time of depressed oil prices and raging scourge of COVID-19, most economic analysts and energy asset operators now agree that 2020 could...

What life would be like for Africa after OPEC+

By NJ Ayuk Sometimes it is easy to forget how interconnected human lives across the globe have become. Perhaps we no longer talk as much...

Crude oil price crashes below $30

Negative global ripple effects loom Oil prices plunged as much as 30 per cent as markets opened this morning - the biggest one...

Dangote refinery needs 70,000 workers, says CBN

The Dangote Refinery would lead to the employment of over 70,000 Nigerians when it finally starts operation. This was the assertion of the Governor...

Train 7 project to raise production capacity to 30 million MTPA – NLNG

Managing Director of the Nigeria Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has said the ongoing Train 7 project would increase the company’s...

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