Oil & Gas

OPEC member blames 'irresponsible' non-members for oil glut

"Irresponsible" levels of output by producers from outside the OPEC oil cartel is among the…

Oil prices edge higher in Asia

Oil prices edged up in Asia Friday after falling sharply in the previous session, as…

Oil prices fall in volatile trade

Oil prices skidded sharply lower in volatile trade Thursday, pushing the US benchmark futures contract…

Court stops House of Reps probe of Diezani

A Nigerian High Court in Abuja has set aside the summons of the House of…

China loans $2bn to Angolan state oil firm

Angola's state oil company Sonangol will benefit from a new $2.

Brent crude price plunges to $61 in Asian trade

Oil prices sank to a fresh five-year low in Asia on Monday after a top…

Oil workers strike will affect Port Harcourt area first: NUPENG

Okafor Ofiebor/Port Harcourt The threatened shut down of Nigeria's oil industry by the two oil…

PPMC CEO praises Jonathan for 'transforming' oil sector, but strike looms

The Managing Director, Petroleum Products Marketing Company ( PPMC), Mr Haruna Momoh, has commended Nigeria's…

Nigeria's oil workers begin total strike

Nigeria's two main oil workers' unions said they would launch an indefinite strike on Monday,…

OPEC: market fundamentals don't justify sliding prices

The rise in oil supplies on global markets does not justify the sharp drop in…