Oil and Gas

S&P GLOBAL PLATTS PETROCHEMICAL INDEX (PGPI)

Prices in the $3 trillion-plus global petrochemicals market fell more than 3.5% in April to $958.51 per metric ton (/mt),…

The markets frustrate OPEC’s efforts to push up oil prices

Know thy enemy The markets frustrate OPEC’s efforts to push up oil prices The cartel is fighting not just shale…

Full tanks and tankers: a stubborn oil glut despite OPEC cuts

After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore…

NNPC finalising $6 bln worth of oil-for-product swaps

Nigeria's state oil company is in the final stage of signing $6 billion worth of deals to exchange more than…

Igho Sanomi signs joint venture deal to build biofuel refinery in the US with African feedstock

Nigerian oil billionaire and non-executive chairman/founder of Taleveras, Igho Sanomi has signed a joint venture deal to build a biofuel…

Oil rises on expectations of extended supply curbs

Oil prices were little changed on Tuesday as the market awaited direction from weekly U.S. inventory data and as Kuwait…