Many Nigerians paid more for petroleum products, including Premium Motor Spirit (petrol), last month, according to data from the National Bureau of Statistics. The average...

Petrol supply figures sighted yesterday in Abuja indicated that the amount of financial subsidy Nigeria currently absorbs to keep the pump price of petrol...

With a critical meeting in Algiers fast approaching, a fractured OPEC and its allies are still searching for consensus on how members with spare...

The National Bureau of Statistics said the price of National Household Kerosene paid by consumers increased in August to N288.75 from N276.87 recorded in...

Oil major BP has clashed with rival Vitol in the once-languid West African crude market, buying up cargoes and taking a big derivative position...

The InterContinental Exchange (ICE) on Monday launches its first set of derivatives linked to the West African crude oil market, aimed at an industry...

Brazil’s largest independent investment bank Banco BTG Pactual SA may keep its stake in Petrobras Oil and Gas BV (Petrobras Africa) to avoid having...

Globally, the total crude and condensate production from announced and planned global offshore projects is expected to be around 8.1 million barrels per day...

The depth of Nigeria LNG's focus on promoting the Train 7 expansion of its LNG export plant on Bonny Island, which would lift output...