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Tinubu Departs Saint Lucia, Heads to Brazil for BRICS Summit

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2027: Drama, Intrigues as Julius Abure Tells Otti to Quit Labour Party

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FG Secures $100m for Lagos-Calabar Project from ECOWAS Bank

Energy

Breaking! OPEC Secretary General, Muhammad Barkindo, Dies At 63

Outgoing Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Muhammad Sanusi Barkindo is dead. Barkindo, 63, was said to have died at about...

Business

Marginal Fields: Nigeria Awards Oil Mining Licences To 161 Companies

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has awarded Petroleum Prospecting Licences (PPLs) to 161 successful 2020 marginal fields awardees. The commission also officially unveiled...

Energy

Oil Climbs Back To Nearly $123 After China COVID Scare

Bearish sentiments on oil demand coming from renewed COVID lockdowns in China that shaved $4 off oil prices early on Monday failed to maintain...

Energy

OPEC+ Fails To Meet Output Target Once Again

Platts survey shows that OPEC+ missed its production target again in May. In April, OPEC alone missed its target by 2.7 million barrels...

Energy

OPEC+ Cuts Global Oil Demand Forecast For This Year

OPEC's technical panel has cut the oil demand forecast by 200,000 bpd for 2022.O OPEC now sees global demand grow by 3.4 million...

Energy

Oil Prices Rise As EU Leaders Agree On Partial Russian Crude Ban

EU leaders agreed to cut Russian crude oil imports by as much as 90 percent by the end of the year. Germany and...

Energy

The NOPEC Bill Could Send Oil Prices To $300

For decades, different forms of ‘NOPEC’ legislation designed to pave the way for lawsuits against OPEC have been considered by Congress. Last week,...

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