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Oil Theft in Nigeria: 26 Ship Crew Members Plead Guilty

Motoring World - 0
The Nigerian Navy has opened-up on the travails of oil tanker; MT Heroic Idun and its 26 foreign crew at the Federal High Court,...
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ENERGY

Oil Prices Up Slightly After Smaller ECB Hike; Demand Concerns Linger

Motoring World - 0
Oil prices rose on Thursday after the European Central Bank (ECB) decided to slow the pace of its interest rate hikes, but prices were...
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ENERGY

Oil Prices Slip on weak China demand fears, U.S. rate rise forecast

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Oil prices fell in Asian trade today (Tuesday), extending losses seen in the previous session, as weak economic data from China and expectations of...
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ENERGY

Oil steadies after Russia Says Global Oil Markets in Balance

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Oil prices steadied on Thursday, paring losses from the previous session, after a top Russian official said global oil markets were balanced. Russian Deputy Prime...
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ENERGY

Subsidy Removal: Nigeria’s Top Oil Companies Demand Full Deregulation

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Some top oil and gas companies in Nigeria have called for full deregulation of the downstream sector of the oil and gas industry. The Indigenous...
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ENERGY

Oil Prices Settle Higher On Optimism about Fuel Demand in China

Motoring World - 0
Oil prices settled higher on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost fuel demand in the world's...
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ENERGY

Shell, Techno Oil Clinch Awards for Optimal Services to Nigeria

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Two international oil majors, Shell and Schlumberger and Nigeria’s Techno Oil Ltd. have clinched awards for excellence in service delivery to Africa’s largest economy,...
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ENERGY

Oil Prices Fall to Lowest Level since Late March

Motoring World - 0
Oil prices slid by about $2 a barrel to their lowest level since late March on Thursday, dragged lower by fears a possible recession...
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ENERGY

Nigeria Remains Africa’s Top Crude Oil Producer in March

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Nigeria is Africa’s top crude oil producer for March 2023, despite recording lower production during the month under review. According to the Monthly Oil Market...
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ENERGY

Oil Drops 2% on Higher Dollar, Interest Rate Concerns

Motoring World - 0
Oil prices turned lower on Monday as the U.S. dollar strengthened and as investors mulled over a possible May interest rate hike by the...
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ENERGY

Subsidy Removal: Fuel Marketers Push for 30,000 Gas Stations in Nigeria

Motoring World - 0
In preparation for the planned removal of fuel subsidy in May, Nigerian Independent Petroleum marketers have written to the Federal Government for a support...
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ENERGY

Nigerian Military Destroys 50 Illegal Oil Refining Sites

Motoring World - 0
Troops of Joint Task Force Operation Delta Safe of the Nigerian military and others destroyed 50 illegal refining sites in the Niger Delta in...
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Oil slides 3% on U.S. Debt Deal Struggles, OPEC+ Talks Uncertainty

ENERGY Motoring World - 0
Oil prices fell by about 3% on Tuesday as concerns about the U.S. debt ceiling pact cooled the market's risk-on sentiment and mixed messages...
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Toyota, Daimler Strike Deal to Merge Truck Business

Around-the-World Motoring World - 0
Daimler Truck Holding AG and Toyota Motor Corp have struck a preliminary deal to combine their truck units in Japan, the companies said on...
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Lewis Hamilton Finishes Fourth at Monaco Grand Prix

Motor Sports Motoring World - 0
Lewis Hamilton finished fourth, just ahead of George Russell who finished fifth in the 2023 Monaco Grand Prix held on Sunday. Lining up fifth and...
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Inject Fuel Subsidy Savings into Automobile Credit Scheme, Expert Tells Tinubu

ENERGY Motoring World - 0
To cushion the effect of Fuel subsidy removal on Nigerians, President Bola Ahmed Tinubu has been advised to make locally assembled/manufactured commercial vehicles affordable...
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