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Oil Prices Rebound From Early Dive As Reports Vary on OPEC+ Output

Oil prices whipsawed on Monday, diving early to their lowest since early January but then rebounding as reports varied about whether Saudi Arabia and...

Oil Prices Fall On Easing Geopolitical Tension

Oil prices fell more than 3% on Thursday as rising numbers of COVID-19 cases in China and the suggestion of higher rates than currently...

Oil Marketers Advocate Naira Transactions in Ports

The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey...

OPEC Cuts Oil Demand Growth Forecast Again As Economic Challenges Mount

OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure,...

Petrol Stock Dips By 5.48m Litres, As Queues Persist In Nigeria

The Nigerian National Petroleum Company Limited’s stock of Premium Motor Spirit, popularly called petrol, dipped by 5,481,239 litres, according to industry data released on...

Portugal Seeks To Become Major Exporter of Green Hydrogen

Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10 billion euros...

Motorists Decry Lingering Fuel Scarcity, Want FG’s Intervention

Many motorists in the Federal Capital Territory (FCT) have decried the lingering fuel scarcity being witnessed in the territory and environs. The motorists, who spoke...

Oil Prices Drop in Choppy Trade on Mixed China COVID signals

Oil prices edged lower on Monday, paring gains after rising to more than two-month highs, on mixed signals over strict COVID-19 restrictions in China,...

Oil Prices Rise, As Dollar Loses Value and Supply Risks Linger

Oil climbed today ( Friday),  as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on...

Nigeria Develops Framework on Oil, Gas Pipeline Assets Concession

The Ministry of Petroleum Resources of Nigeria has developed a framework for the concessioning of oil and gas pipeline assets. The Permanent Secretary, Ministry of...

15 Ships Discharge Petroleum Products, Others at Lagos Ports

The Nigerian Ports Authority (NPA) on Monday said 15 ships at the Lagos ports were discharging petrol and other items. It listed the items being...

OPEC Inaugurates 2022 World Oil Outlook

The Organisation of Petroleum Exporting Countries (OPEC) on Monday inaugurated its 2022 World Oil Outlook (WOO). The WOO was inaugurated at the ongoing Abu Dhabi...

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Mikano Motors Debuts Maxus brand in Nigeria, Rolls out T60 Pick up

ROTIMI ASHER Maxus Autos, in an exclusive partnership with Mikano International’s Motors Division, one of the fastest growing auto companies in Nigeria, has launched Maxus...

Kia Gears Up for FIFA World Cup with Simulator Experiences and Prizes

As an official automotive partner of FIFA World Cup 2022™, Kia, has promised to add a touch more excitement to this year’s FIFA World Cup...