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Energy

FG: Digital Tech. key To Reducing Crude Oil Production Cost

The Federal Government says deployment of digital technology is key to reducing the Unit Operating Cost (UOC) of producing crude oil in Nigeria to...
Headline

Nigeria’s Oil Revenues Slump 98% In April

Nigeria’s crude oil export revenues slumped by as much as 98 percent from March to April this year because of movements in the price...
News

OPEC Reaffirms Commitment To Stable Global oil Market

The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting has reaffirmed its commitment to a stable global market in the mutual interest...
Headline

Nigeria Says It Is Preparing For Post-Oil World

Africa’s largest oil producer, Nigeria, is implementing efforts to prepare its economy for a post-oil era, Ogbonnaya Onu, the Minister of Science and Technology,...
Energy

54 Oil Pipelines Vandalised In February – NNPC

The Nigerian National Petroleum Corporation (NNPC) says that 54 petroleum pipeline points were vandalised in February 2021. The Corporation disclosed this on its Monthly Financial...
Economy

Oil Prices Hit 7-Week High On Demand Optimism

Air travel is on the rise in the U.S., indicating an uptick in jet fuel demand. Jet...
Business

Could Oil Prices Hit $80 Per Barrel?

Despite the significant rally in oil over the past couple of weeks, demand uncertainty continues to affect prices. The outbreak of the second wave of...
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