Oil & Gas

Fuel subsidy embedded in 2015 budget, says House of Reps

Contrary to the speculation that fuel subsidy has been removed from the 2015 Appropriation Bill,…

Brent crude prices reach 2015 peak over Yemen attacks

Brent prices on Friday hit a four-month peak of $65.

Marketers threaten to stop petrol import, stock runs out

Nigeria is running out of fuel stock, the Major Oil Marketers Association of Nigeria (MOMAN)…

Oil prices on mild retreat

Global oil prices retreated Thursday but analysts said losses were limited as dealers focused on…

Diezani Alison-Madueke: I never asked for soft landing

Nigeria's oil minister, Diezani Alison-Madueke, has debunked all speculations that she was seeking asylum abroad…

Oil prices weighed down by supply glut

Oil prices eased on Tuesday as a climate of high crude supplies offsets moves by…

Brent crude jumps above $60

Oil rose more than 3 per cent on Thursday, pushing Brent crude to a 2015…

Rats disrupt Brazil Petrobas graft hearing

A hearing into a massive graft scandal at Brazil's state oil firm #Petrobras was interrupted…

OPEC advised to cut output as Iran set for export boost

OPEC should change course and cut oil supply by 800,000 barrels per day (bpd) or…

Shell swallows rival BG group in $47bn deal

Energy titan Royal Dutch Shell on Wednesday announced a mega takeover of British rival BG…