Oil & gas

IEA advocates reduction in global reliance on oil & gas despite $4 trillion industry growth

By Innocent Obasi The International Energy Agency (IEA) has urged countries around the world to lessen their reliance on oil…

By businessamlive
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US – China trade war sees oil price slip again

The continued trade war between the world two trade giants; US and China on Friday saw crude oil futures fall…

Oil prices fall as crude build-up offsets hopes for U.S.-China trade talks

Oil prices fell on Wednesday, pulled down by a larger-than-expected build-up in U.S. crude stocks, after gaining for three straight…

Dangote: Nigeria will soon be exporting rice

The Dangote Group has pledged to change Nigeria’s narrative as a rice importing nation, to a major exporter of the…

NNPC saves over $3bn from arbitration

By Moses Obajemu The Nigerian National Petroleum Corporation has saved over $3bn from arbitration, Mele Kyari, the oil firm’s group…

We may have to worry about peak oil demand soon

By Mudashir Tunde   A peak oil demand might continue to result in its rise in value for the next…

IEA predicts oil glut in 2019

The global oil market is to experience a glut throughout 2019, as heightened exploratory activities lead to increased output in…

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