Oil

Oil trades mixed as OPEC’s Barkindo sees global demand grow 1.6m bpd in 2018

Oil prices on both sides of the Atlantic traded in opposite direction on Tuesday, with the US oil (WTI) supported…

Nigeria legislature to revise local content law for oil, gas industry as it fails to achieve set goals

The Nigerian Senate has said it will amend the Nigeria Oil and Gas Industry Content Development Act (NOGICD) 2010, after investigations revealed…

Oil trades near $56 after slump as U.S. gasoline stockpiles gain

Oil held losses near $56 a barrel after falling the most in two months as U.S. gasoline stockpiles expanded more…

Malaysia palm oil output expected to rise 2.5% in 2018

Palm oil production in Malaysia, the world’s second-largest producer, is expected to increase by 15.5 percent this year and will…

Africa’s richest man has plans beyond cement, oil; looking to sports, Arsenal FC

“Nothing is impossible.” These three words are on a plaque that Aliko Dangote keeps on his office desk in Lagos, Nigeria,…

Total Nigeria targets 200,000 barrels-per-day in 2018 from multi-billion dollar Egina Field

Total Nigeria, Wednesday, said it would boost the country's daily oil production by 200,000 barrels from 2018. Nicolas Terraz, managing…

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