By Abdallah el-Kurebe, Editor #TrackNigeria: The Nigerian National Petroleum Corporation (NNPC), Nigeria Customs Service (NCS) and the Department of Petroleum Resources (DPR) have agreed to inaugurate a joint committee to tackle the smuggling of petroleum […]
#TrackNigeria – Justice D.Z. Senchi, of a Federal Capital Territory, (FCT) High Court, sitting in Jabi has granted the prayers of the Economic and Financial Crimes Commission, for a warrant of arrest against Dan Etete, […]
The Nigerian National Petroleum Corporation (NNPC) says that the national average daily crude oil production stood at about 2.019 million barrels in 2018. The NNPC Group Managing Director, Dr Maikanti Baru, disclosed this at the […]
#TrackNigeria -The Federal Government says its key assumptions and micro-framework of the 2019 budget will be based on a projection of 2.3mbpd oil production, oil price benchmark of 60 dollars per barrel. It also indicated […]
Oil rose on Monday building on its largest first-quarter gains in nearly a decade as tight supply and positive signs for the global economy supported prices. Brent crude for June delivery was up 96 cents […]
#TrackNigeria – Renowned lawyer and activist, Femi Falana,SAN has called on President Muhammadu Buhari not to allocate oil blocs to private individuals and corporate bodies any longer. Falana however commending Buhari for revoking a lot […]
Oil edges up amid OPEC cuts Oil edged up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, although prices were prevented from rising further by record U.S. […]
#TrackNigeria – The Nigerian National Petroleum Corporation (NNPC) has recovered assets worth over N771million from some marketers who had under-paid for petroleum products supplied to them from Petroleum Products Marketing Company (PPMC) Kaduna Depot. The […]
Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support. U.S. West Texas Intermediate (WTI) crude […]
Oil fell below 62 dollars a barrel on Wednesday after a report showed a rise in U.S. crude inventories, while concerns about the impact on global supplies of U.S. sanctions on Venezuela faded. U.S. crude […]
By Moses Omorogieva /Mateen Badru (08058017253) #TrackNigeria: The Lagos State Police Command, says it has arrested five persons suspected to be allegedly responsible for the Abule-Egba pipeline fire explosion, which destroying more than 100 houses […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that total financial flows from Nigeria’s oil and gas sector reduced to 17.05 billion dollars in 2016, indicating a 31 per cent decline on the 24.79 billion dollars generated […]
Depots and Petroleum Products Marketers Association of Nigeria (DAPPMA) on Saturday in Lagos refuted reaching an agreement with the Federal Ministry of Finance on the payment of the N800 billion subsidy arrears. The marketers in […]
Oil slipped to about 60 dollars a barrel on Wednesday, pressured by rising U.S. inventories and doubts over whether an OPEC-led output cut will be agreed next week. U.S. crude stockpiles rose last week, the […]
Russia is planning to sign a partnership agreement with the Organisation of the Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday. Novak said the deal would be discussed at the OPEC Dec. […]
Oil fell on Thursday on course for its fourth consecutive week of decline, as rising crude supply met the bearish combination of concern over global growth and weak equity markets. Russia is pumping oil at […]
The Department of Petroleum Resources (DPR) on Tuesday launched Value Monitoring and Bench-marking (VMB) to promote transparency and accountability in the oil and gas sector. Mr Mordecai Ladan, the Director of DPR, said in Lagos […]
Oil prices slipped on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply in spite of upcoming sanctions against Iran. Benchmark Brent crude oil […]
The National Union of Petroleum and Natural Gas Workers (NUPENG) has affirmed its willingness to work closely with the Nigerian National Petroleum Corporation (NNPC) to ensure a hitch-free products distribution across the country throughout the […]
Oil slipped to around $76 a barrel on Wednesday, paring losses after hitting its lowest since late August, pressured by concern that demand is weakening and supply ample even as U.S. sanctions loom on oil […]
Asian share markets was black on Monday as the promise of more stimulus boosted Chinese stocks for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit. Oil prices were stable […]
Oil prices rose on Friday, helped by an ongoing Sino-U.S. trade war and concerns over the death of a prominent Saudi journalist. Brent sweet crude for December delivery was up at 79.63 dollars a barrel. […]
Oil prices extended gains into a fourth session on Wednesday, buoyed as industry data showed a surprise decline in U.S. crude inventories and as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked […]
Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism, despite a rebound in global equities. Not helping the mood, […]
Oil prices slipped on Wednesday after the IMF lowered its global growth forecasts, but markets were supported as Hurricane Michael moved toward Florida causing the shutdown of nearly 40 per cent of U.S. Gulf of […]
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