Oil n Gas

Despite mounting efforts to limit climate change, the OPEC oil cartel said Monday it expects demand for crude to continue to grow for the next two decades. In its 2023 annual report, the Organization of Petroleum Exporting Countries…

 The oil trade seems to have woken up to the fact that there’s something bigger after all than OPEC: the economy. Crude prices fell almost 6% on Wednesday for the biggest one-day sell-off since September 2022. The plunge came after a…

A glut of unsold Nigerian oil has built up again with as much as half of output due to be loaded next month still searching for buyers. Traders of the nation’s oil said the surplus has been caused in part by a request for back taxes from…

Fuel prices skyrocketed to between N500 and N600 in Nigeria on Tuesday, sending transport fares to the rooftop and increasing hardship for passengers and overhead costs for businesses. This development arose as credible oil marketers await…

The Chairman of Shell Companies in Nigeria, Osagie Okunbor, on Tuesday, revealed that the international oil company discovered and removed 460 illegal connections on its Trans Niger Pipeline before the facility could be restored after it…

The presidential candidate of the All Progressives Congress (APC), Ahmed Bola Tinubu, has promised to increase Nigeria's oil production to four million barrels per day if elected in 2023 to preside over the affairs of the country. …

The National Bureau of Statistics, NBS, says the average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N4,474.48 in September 2022. NBS in the NBS Liquefied Petroleum Gas (cooking gas)…