Oil and Gas

OPEC to dominate oil markets for the foreseeable future — Goldman Sachs

OPEC will regain its position as a dominant force on international oil markets after the world emerges from the current…

FG explains why marketers can’t exclusively determine petrol prices

The federal government has shed more light on what it described yesterday as the full deregulation of the downstream petroleum…

NLNG signs $7bn train 7 contracts with Saipem, Chiyoda, Daewoo

Nigeria LNG Limited (NLNG) has signed the engineering, procurement and construction (EPC) contracts for its Train 7 Project with the…

NNPC: Nigerians consumed 1.2bn litres of petrol in 30 days

Nigerians consumed about 1. 2 billion litres of petrol in January, with a daily utilisation rate of 38.6 million, a…

Oil falls on fears of second coronavirus wave

Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from…

Oil trader owes $9 million after starting the day with $77,000

By Zerohedge.com The April 20 historic oil price crash that sent the prompt May WTI contract plunging to the unheard…

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