After years of inactivity, the Port Harcourt Refinery has officially resumed the production and distribution of essential petroleum products, including Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Household…
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In a significant development, Exxon Mobil Corp. announced that it had surpassed 500 million barrels of oil production from Guyana’s offshore Stabroek block, just five years after the commencement of…
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West Texas Intermediate (WTI), the benchmark for US crude oil, saw a modest uptick in price on Wednesday, trading around $68.75. This increase comes amid ongoing uncertainty surrounding the US…
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Crude oil prices experienced a positive rally yesterday, briefly reaching the anticipated target of $70.58. However, the upward momentum was short-lived, as prices sharply reversed course and dropped towards the…
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Brent crude oil prices experienced significant downward movement in recent trading sessions, breaking through the $72.85 support level and reaching $72.06. This drop suggests a bearish outlook in the near…
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The 2024 Practical Nigerian Content (PNC) Forum is set to bring together key stakeholders from Nigeria’s oil and gas sector for a four-day event focused on advancing Nigerian content implementation,…
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OPEC+ has limited flexibility to reverse its ongoing oil production cuts, which have inadvertently spurred increased supply from the U.S. shale industry, according to Afshin Javan, Iran’s representative to the…
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The U.S. Energy Information Administration (EIA) issued a warning on Monday that a colder-than-usual winter in the Northern Hemisphere could lead to tighter global natural gas supplies and push prices…
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The Nigerian National Petroleum Company Limited (NNPC Ltd.) has issued a statement to clarify that there is no discrepancy between its reported crude oil production figures and those provided by…
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Fuel prices have witnessed a notable increase in Bhubaneswar over the past 24 hours. Petrol is now priced at Rs 101.11 per litre, marking a rise of 0.17 paise, while…