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Oil Prices Surge Ahead As OPEC+ Holds Meeting

By Tsvetana Paraskova  The OPEC+ ministerial meeting is discussing gradual production increases over the next three months, sources say, while the group was still debating as...
Business

CEO, Proton Energy Reveals Impetus Needed To Revitalise Nigeria’s Power Sector

  The Chief Executive Officer (CEO) of Proton Energy, Mr Oti Ikomi has advised the Nigerian government on the fresh impetus needed to scale up...
Business

Ex-depot Price Of Petrol Unchanged, NNPC Dismisses Rumoured Hike

Following the ongoing speculations about the hike in the price of Premium Motor Spirit (PMS), also known as Petrol, the Nigerian National Petroleum Corporation...
Business

NNPC Hints At Fuel Price Hike, Says It Loses N120bn Monthly To Subsidy Payment

Expect PIB Passage In April, Sylva Tells Nigerians From Segun Amure, (The New Diplomat's Abuja Bureau) The Nigerian National Petroleum Corporation (NNPC)...
Business

How Iran-China Partnership Is Distrupting Global Oil Prices

  By David Messler One of the things that doesn't get a lot of discussion in the press is the under-the-table relationship Iran and China have had...
Business

PH Refinery Renovation: Hold Me Accountable, Sylva Assures Nigerians On Project

By Abiola Olawale (The New Diplomat's Southwest Bureau) Chief Timipre Sylva, Minister of State for Petroleum Resources, has assured Nigerians that the Federal Government would...
Business

U.S. Warns China Against Buying Iranian Crude Oil

By Irina Slav The United States has warned China that it will not turn a blind eye to rising Iranian oil exports to Chinese ports,...
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