Energy

Nigeria leads OPEC members in crude production in Dec with 1.797m

Nigeria led the other oil producers in the 14-member Organisation of Petroleum Exporting Countries in total crude production in December…

Global investment in solar, wind projects drops  by 8 percent to $332 billion

Global investment in renewable energy projects dipped to $332.1 billion in 2018,down 8 percent from 2017, as a result of…

OPEC cuts crude production by 750,000 barrels per day for market re-balancing

The Organization of Petroleum Exporting Countries (OPEC) said Thursday it has already slashed its crude oil output by some 750,000…

Oil prices slip as U.S. crude output nears 12 million bpd

Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as…

Brent crude settled at $60 per barrel, amid bearish pressures

Crude oil futures settled on Wednesday after the release of American Petroleum Institute data showing a draw in US crude…

Otedola to purchase Forte Oil’s holdings in power business

Femi Otedola, the chairman of Forte Oil Plc, has expressed interest to participate in a divestment opportunity that will see…