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Saudi Arabia May Raise June Crude Prices To Asia

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Top oil exporter Saudi Arabia is expected to raise June prices for all crude grades it sells to Asia to track stronger Middle East...

Russia Bans Oil Export To Ukraine

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Russian Prime Minister, Dmitry Medvedev, on Thursday said Russia has banned exports of oil and petroleum products to Ukraine, as well as certain Ukrainian...

Oil Prices Slip To $71.43

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Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline...

Iran orders 60,000 to evacuate flood-hit oil city |

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Iranians gather to collect food from a Red Crescent helicopter in the city of Susangerd in Iran’s Khuzestan province on April 9, 2019. –...

Oil Hits Five-Month High Above $71 On Libyan Supply Threat

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Oil hit a five-month high above 71 dollars a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already...

Niger Delta youths laud JTF’s strategies in combating oil theft |

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An oil field in the Niger Delta Photo: Getty Image<br />Youths in the Niger Delta have commended the Joint Task Force (JTF) for the...

Nigeria makes first crude oil sale to United States in six...

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Oil barrel. Photo/PixabayA cargo of Nigeria’s distillate-rich Bonga crude is due to move to the United States (U.S.) from the May loading programme,...

Trump presses OPEC to boost output to cool oil prices |

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An OPEC branded flag sits on a table ahead of the 169th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria. PHOTO: Akos...

Minister allays fears over 2019 budget oil price benchmark |

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The Minister of Budget and National Planning, Senator Udoma Udo-UdomaThe Minister of Budget and National Planning, Sen. Udoma Udo Udoma, on Wednesday in...

CBN offers friendly credit to revamp oil palm farming |

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Central Bank of Nigeria’s (CBN) governor Godwin Emefiele The Central Bank of Nigeria (CBN) has announced a single digit lending rate to fast-track the resuscitation...

Nigeria, Sao Tome move to exploit 500m barrels of oil |

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Oil barrel. Photo/PixabayA new production sharing contract (PSC) yesterday entered into by Nigeria, Sao Tome and Principe Joint Development Authority (JDA) and Total...

Oil sector’s ranking to boost FDIs, GDP, says NEITI |

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• NNPC harps on respect for procurement lawThe Nigeria Extractive Industries Transparency Initiative (NEITI) has said the satisfactory validation by the international board of...