Oil and Gas

Shell, Exxon win blocks in Brazil’s pre-salt oil auction

Oil majors Royal Dutch Shell and Exxon Mobil won blocks in Brazil’s coveted pre-salt oil region in an auction on…

Brent oil holds near 2-year high as Russia, Saudi Arabia set to discuss possible extension next week

Brent oil held gains near the highest level in more than two years as Saudi Arabia’s Crown Prince Mohammed bin…

Obaseki, others urge Nigeria’s FG to deregulate petroleum sector

Jackson Gaius-Obaseki, the former Group Managing Director of the Nigerian National Petroleum Company (NNPC) has advised the Federal Government to…

Crude or condensate? The dilemma over Nigeria’s oil-cut exemption

When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge…

Oil markets stable on tighter U.S. market, expected OPEC supply cuts extension

Oil prices at the international market opened Thursday stable supported by ongoing OPEC-led supply cuts, tensions in the Middle East…

Who are the biggest buyers of U.S. oil?

By Robert Rapier This year the U.S. has averaged more than 900,000 barrels per day (BPD) of crude oil exports while…

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