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OPEC Slashes Q2 Oil Demand Estimate by 690,000 bpd

The Organisation of Petroleum Exporting Countries (OPEC) on Thursday pruned the demand outlook for crude oil in the next two quarters, in keeping with the group’s plans to keep a

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PIB: Oil companies have no presence in Abia — Ikpeazu

Okezie Ikpeazu By Ugochukwu Alaribe Governor Okezie Ikpeazu of Abia State, has expressed concern that despite the long years of oil exploration in the state, there was nothing tangible people

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Oil slips on fears over higher OPEC supply, slower China demand

Brent crude dropped 14 cents or 0.2% to $63.55 a barrel by 1145 GMT, after losing 1.1% the previous day. U.S. West Texas Intermediate (WTI) crude fell 2 cents to

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Bonny Light hits $65.36pb, as OPEC+ mulls oil production increase

Stock photo of an offshore oil rig“Without natural capital accountability GDP growth is meaningless’ By Prince Okafor Nigeria’s grade of crude oil, Bonny Light, yesterday, witnessed a marginal rise of

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FG, oil, gas stakeholders tackle accidents, as DPR flags off SeRAS in Lagos

THE Department of Petroleum Resources, DPR, has flagged off the Oil and Gas Search, Rescue and Surveillance, SeRAS, Command and Control Centre, targeted at improving safety and operational efficiency in

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DPR to leverage SeRAS for new oil, gas investments

The Department of Petroleum Resources (DPR) has commenced the implementation of its Search Rescue and Surveillance Programme (SeRAS) initiative in a bid to renew investors’ confidence The post DPR to

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Nigeria to exit dependence on oil revenue in 10 years — Awolowo

—Says non-oil exports to hit $30bn By Johnbosco Agbakwuru The Executive Director/CEO of the Nigerian Export Promotion Council, NEPC, Mr Segun Awolowo, yesterday assured that given the steps being taken