The Organization of the Petroleum Exporting Countries (OPEC) has disclosed that global oil demand growth in 2021 was 5.7 mb/d. According to OPEC, this reflects slower-than-expected...
The Nigerian National Petroleum Company Limited has concluded plans to ramp up crude oil production to 1.8 million barrels per day in 2022 from the 1.45...
The World Bank has noted that the surge in oil prices may persist until 2023 and this could have an adverse effect on global economies. Average...
The West Texas Intermediate (WTI) oil was trading around $70 a barrel on Thursday, rebounding from two-month lows of near $65 earlier in the week, as...
Nigeria pumped 1.48 million barrels of crude oil in June, witnessing a significant drop in production compared to previous months, the latest S&P Global Platts survey...
The 14-inch crude trunk line operated by Shell Petroleum Development Company (SPDC) in the Niger Delta region spilt 276 barrels of crude oil in three incidents...
The Organisation of Petroleum Exporting Countries’ (OPEC) crude oil production is estimated to have increased to a three-month high of 24.96 million barrels per day (bpd)...
Mr Sule Abdulaziz, acting Managing Director of the Transmission Company of Nigeria (TCN), has charged members of the West African Power Pool (WAPP) to commit to...
Operators in the downstream, natural gas and crude oil refining sectors of the Nigerian oil and gas industry borrowed N130bn from Nigerian banks in February amid...
Nigeria’s crude oil output slumped to 1.32 million barrels per day in November, following the agreement reached by OPEC and its allies to reduce their outputs,...
