Oil and Gas

Refineries posted N123.3bn loss in 10 months – NNPC

The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January…

China coronavirus could push oil down by $3

The outbreak of a coronavirus in China that is now an international threat could cut oil demand by 260,000 bpd,…

Subsidy may rise as fuel marketers demand higher margins

The federal government may have to spend more on petrol subsidy as oil marketers in the country have called on…

Global oil and gas discoveries hit four-year high

The world’s oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the…

Another war looming? What will happen to oil prices

The world needs to remember how prices for US crude oil spiked $10 per barrel overnight as fighting began in…

Oil prices fall as Russia touts easing OPEC+ output

Oil fell on Monday after Russia said an OPEC-led pact may consider easing output cuts next year, but prices held…

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