Oil and Gas

Oil set for longest winning streak in two months on U.S. output

Oil headed for its longest winning streak in two months after declines in U.S. crude production and gasoline inventories allayed…

Egypt hikes fuel prices, second time since currency float

Egypt's government on Thursday increased gasoline and diesel prices in the second fuel hike since a currency floatation and the…

Gabon set to reduce oil reliance as IMF approves $642 million loan

Gabon, OPEC’s smallest member by production, will try to reduce its reliance on oil by increasing investments in agriculture and…

Qatar’s emir meets Exxon Mobil Corp CEO over energy supply talks

The emir of Qatar met with Exxon Mobil Corp chairman and CEO Darren Woods in Doha on Saturday for talks…

OPEC has few escape routes from another bear market in oil

Oil’s back in a bear market and investors remain unmoved by last month’s agreement to prolong supply cuts, leaving OPEC…

NNPC records N5.3bn trade deficit on environmental challenges

The Nigerian National Petroleum Corporation (NNPC) has reported a trade deficit of  N5.27 billion as at April, 2017, which it attributed…