The House of Representatives adjourned on Wednesday without clearing the immediate-past President Muhammadu Buhari's loan request for the Federal Government to settle some judgment debts totaling N543...
On Wednesday, the Organisation of Petroleum Exporting Countries (OPEC) announced that it and its allies had agreed to maintain the current oil output policy through their June meeting.According to a s...
Reports have shown that the Organisation of Petroleum Exporting Countries (OPEC) has indeed maintained steady crude oil production in December 2023, producing 28.05 million barrels per day (bpd).The r...
Last month, the Organisation of Petroleum Exporting Countries (OPEC) witnessed a significant decline in oil production due to Nigeria's and Iraq's decreased crude oil exports in March.However, this in...
In recent reports, Aliko Dangote’s wealth has made upward progression, growing by $950 million since January 2022, following a Y-T-D date price increase in the shares of its cement brand. Dango...
The market is bullish on oil as it concentrates on the cease-fire talks and the Chinese COVID-19 outbreak The bears have regained control of the oil market, with prices falling more than 5% in t...
Nigeria and Angola, the two largest crude oil producers, have opposed the reduction in their crude oil production quotas by the Organization of Petroleum Exporting Countries (OPEC).According to delega...
In a recent development in the Nigerian oil and gas industry, the Nigerian National Petroleum Company (NNPC) has been appointed as the new operator of Oil Mining Lease (OML) 18, replacing Eroton Explo...
What is the definition of a Barrels of Oil Equivalent (BOE)?DefinitionBarrels of oil equivalent is a measure of the amount of energy contained in a barrel of oil. BOE is primarily a measure of en...
In a matter of weeks, specifically on May 22, 2023, the Dangote Refinery, hailed as the largest single-train refinery worldwide, is anticipated to be officially launched by President Muhammadu Buhari....