Russian Energy Minister Alexander Novak said that an arrangement under which Moscow cooperates with the OPEC oil group could become indefinite once a current deal to curb oil production expires Continue Reading
Oil prices steadied on Thursday as an easing of trade tensions between the United States and China and a surprise draw in U.S. crude inventories last week supported the market. Continue Reading
OPEC oil output fell in March to an 11-month low due to declining Angolan exports, Libyan outages and a further slide in Venezuelan output, a Reuters survey found, sending compliance Continue Reading
Former chairman of the Senate Committee on Finance, Ahmed Markarfi yesterday gave reasons his panel did not indict former Petroleum Minister, Mrs. Diezani Allison- Maduake over alleged non-remittance of $49.8 Continue Reading
Libya’s National Oil Corporation (NOC) said on Wednesday it had signed a deal with French building and engineering group Artelia to manage the development of an office complex in the Continue Reading
An oil and gas discovery announced during the weekend off the coast of Bahrain could hold at least 80 billion barrels, the government announced Wednesday. Bahraini Oil Minister Mohamed bin Continue Reading
An oil tanker moving through the Red Sea suffered only minor damage after it was attacked by Houthi rebels in Yemen, the Saudi government said. Col. Turku al-Maliki, spokesman for Continue Reading
Russian energy companies could spend as much as US$50 billion on oil and gas exploration in Iran, a presidential aide told media. Yuri Ushakov said companies including Rosneft, Gazprom, Gazprom Continue Reading
Tensions between Iran and Saudi Arabia triggered doubts about the success of the OPEC+ oil production cut deal two years ago when it was first being hatched. Now, with the Continue Reading
Abuja — A study commissioned by the Nigerian Natural Resource Charter (NNRC) and conducted by the Centre for Petroleum, Energy Economics and Law (CPEEL), University of Ibadan on the contributions Continue Reading
