Energy

Nigerians consumed 53 million liters/day in 2018-PPPRA

Nigerians consumed an average of 53 million liters/day in 2018, up about 1.5 percent from the previous two years, the…

Africa, Asia and Middle East driving global energy consumption since 1980s-EIA

Asia, Africa, and the Middle East have been identified as the biggest drivers of global energy consumption since the 1980s,…

Investment inflows to Nigerian petroleum industry slow to $7.73 million in Q3 2018

Investment inflow into the Nigerian petroleum industry slowed down in the third quarter of 2018, as foreign capital inflow in…

Nigeria lost $2.8 billion in oil related crimes in 2018

Oil-related crimes cost Nigeria a $2.8 billion revenue loss in 2018, as attacks on oil installations, maritime crime and piracy…

Oil prices trade at $59 per barrel, as U.S., Chinese relations seems to be improving

Crude oil futures traded higher on Wednesday, with Brent crude futures were up $1.01 at $59.73 per barrel, while the WTI…

Oil rises 2 percent on U.S.-China trade talk optimism

Oil prices climbed 2 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hopes that the world’s…