Oil & Gas

US stocks fall as oil hits new multi-year lows

Wall Street stocks fell in early trade Monday with many energy equities tumbling as oil…

Bleak outlook for oil, Brent crude falls to $49.30 in Asia

Crude oil prices fell further in Asia Monday, with weak demand and a supply glut…

Oil woes unabated, falls to lowest price since April 2009

Talk of $40-a-barrel oil picked up pace Friday as crude prices fell again, to their…

Nigerian traders' group asks FG reduce petrol price

The National Association of Nigerian Traders (NANTS) has called on the Federal Government to reduce…

Leave coal, oil in ground to curb global warming: study

by Mariette LE ROUX/AFP The Middle East must leave 40 percent of its oil reserves…

Government set to demolish houses on NNPC right-of-way

The Federal Government has warned those who encroached on the Nigerian National Petroleum Corporation's (NNPC)…

Brent oil drops under $50, Nigeria faces financial turmoil

For the first time, since oil prices began their downward spiral into the valley, the…

Petrol price should be N80 now: Report

Nigerians are paying N17 extra on petrol per litre, with crude oil selling below $52…

Shell agrees to pay £55m compensation to Nigerian community

Six years after two oil spills destroyed thousands of livelihoods in the Bodo area, of…

Insight: Oil price fall pushes industry into recession

*Service companies like Halliburton, Schlumberger hit * Steel companies to be affected too *Investments to…