Oil and Gas
Nigeria third best in data submission at OPEC
The Organisation of Petroleum Exporting Countries (OPEC), has commended Nigeria for ranking third among member countries in data submission. Omar…
Saudis see oil output cuts easing next year as producers remain committed to re-balancing market
OPEC and its allies including Russia may next year ease the crude-output curbs that have helped prices recover from the…
Oil prices climb in Asia Friday early trade amid sudden drop in U.S. crude stockpiles
Oil prices were up Friday morning in Asia, boosted by an unexpected decline in U.S. crude inventories. Crude Oil WTI futures for…
10% of global independent refiners at risk of closure by 2025 as transition towards carbon-free world intensifies
As the world moves towards lower carbon emissions, the business of oil refining appears to be at risk in the…
Nigeria’s state oil company imports $5.8bn worth of fuel to curb crisis
Nigeria’s state oil company disclosed Tuesday that it had spent $5.8 billion on the importation of Premium Motor Spirit (PMS)…
Iraq needs $4bn for new downstream oil investments, as OPEC supply cut deal to wait until December
Jabar al-Luaibi, Iraqi oil minister said on Tuesday that the country needs $4 billion for new investments in its downstream…
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