Energy

Oil prices rise on potential lengthy OPEC-led oil supply curbs

Oil prices Monday rose to four-month highs, aided by the prospect of prolonged OPEC-led oil supply curbs and signs of…

Price of cooking gas increased in February – NBS 

The National Bureau of Statistics (NBS), said the average cost of refilling a five kilogramme (kg) cylinder of liquefied petroleum…

OPEC stresses need for 2019 oil supply cuts as rivals pump more

OPEC on Thursday cut the forecast of global demand for its crude this year as rivals boost production, building a…

China expands switch from polluting coal heating in 2018 -environment minister

 China expanded its coal-to-gas and coal-to-electricity projects to 35 cities in 2018 from 12 cities the previous year, China’s environment…

Oil broadly flat as higher inventories balance out less OPEC supply

Oil prices were broadly unchanged on Thursday as OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran counteracted…

NNPC to penalise defaulters of Procurement Act

Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation, on Wednesday, warned the management and staff of the…