Oil and Gas

US shale oil to drive crude prices below $60- Fitch

Fitch Ratings, said in a report Wednesday that the U.S.' rising shale oil production is expected to drive crude oil…

OPEC sees US oil supply rise as share of global crude production drops to 32.8% in Feb

OPEC said Wednesday that US oil production is set to rise further this year as the organisation crude production decreased…

Nigeria’s state oil firm to start refinery overhaul projects in Q2 this year

Nigerian National Petroleum Corporation (NNPC) is in the final stages of talks with consortiums including top traders, energy majors, and…

Nigeria government intensifies plan on modular refineries to create more jobs

Nigeria federal government said to be making progress on the establishment of modular refineries in oil-rich Delta state with the…

Crude oil prices regain ground as concerns over U.S. production levels continue to weigh

Crude oil prices regained some ground on Friday, as news of a U.S.-North Korea lifted market sentiment, although concerns over…

Shell’s gas production could be triple oil by 2050 – CEO

Royal Dutch Shell could boost its share of natural gas production to triple that of oil in order to meet…

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