By Abiola Olawale (The New Diplomat's SouthWest Bureau)
The Federal Executive Council(FEC) on Wednesday approved the sum of $1.5 billion for the rehabilitation of the...
Agency Report -- A Milan court on Wednesday acquitted energy companies ENI and Shell in Nigeria’s oil industry’s biggest corruption scandal.
Also acquitted by the...
By Steven Kopits
In its February Short Term Energy Outlook (STEO), the EIA forecasts this month's world oil consumption at 96.7 million barrels per day (mbpd)....
By Abiola Olawale
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has debunked the announcement contained in a template released by the Petroleum...
Brent is now flirting with the $70 mark after OPEC+ shocked markets once again by refusing to bring more oil production online.
Oil skyrocketed on Thursday after...
From Segun Amure, (The New Diplomat's Abuja Bureau)
Deputy Senate President, Senator Ovie Omo-Agege, Minister of State for Petroleum Resources, Timipre Sylva, Minister of Transport,...