There is no respite in sight for Nigerians as the fuel crisis, which began in November 2017, continued on Thursday. Most filling stations were out of fuel despite claims by Continue Reading
The Federal Government, Thursday, ordered the Nigerian National Petroleum Corporation, NNPC, to bring an end to the lingering fuel crisis before the end of the weekend. Addressing newsmen on the Continue Reading
An ad-hoc committee of the House of Representatives on Wednesday began a probe into the alleged loss of crude oil in Nigeria worth $21billion. The House had directed the committee Continue Reading
Venezuela is going to shop around for other buyers of its crude oil, should the United States make good on its threat to impose an oil embargo on the troubled Continue Reading
High refinery runs and expanding refining capacity amid a strong recovery in demand pushed India’s crude oil imports to a record 4.93 million bpd in January 2018, up by double Continue Reading
Canada’s National Energy Board has given Kinder Morgan the go-ahead to start construction work on a tunnel entrance in British Columbia’s Burnaby Mountain that will be part of the Trans Continue Reading
Trump surprised a group of lawmakers Wednesday by saying he would support a 25-cent-per-gallon increase in federal gasoline and diesel taxes to help pay for upgrading American roads, bridges and Continue Reading
As the market embarks on a second year of record level LNG supply from the Atlantic Basin and strong competition from Asia for those volumes, a potential choke point is Continue Reading
U.S. energy companies added oil rigs for a fourth week in a row even though crude pulled back from three-year highs over the past couple of weeks as more drillers Continue Reading
Putting another 25 cents on the consumer price for gasoline, as proposed by the Trump administration, could be political suicide, a market analyst said. President Donald Trump floated the idea Continue Reading
