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Oil & Gas
Nigeria issues additional gasoline allocations
Nigeria has issued additional import allocations for at least 300,000 tonnes of gasoline for the remainder of the…
US shale oil industry hit by $30bn outflows
US shale producers reported a cash outflow of more than $30bn in the first half of the year, in a sign of the…
Oil bear bets on return to $25 a barrel
One of the biggest bears in the oil market has not been swayed by the snap rally that pushed the crude price up by…
Brent oil rises on European, Chinese data
Brent oil rose on Tuesday as strong European economic data and a year-on-year increase in Chinese crude imports…
Foreign oil drillers sour on Angola’ regulation, Total…
Angola risks losing investment from foreign oil companies as costly government regulations and low world prices…
IPMAN tasks members on youth employment
The North -West Zonal Office of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has enjoined its…
North Sea output set to reach highest level in over 3…
The North Sea and Nigeria will ship the most crude in more than three years in October, adding to downward pressure…
W. Africa crude-cargoes linger as China demand slows
Lower differentials to dated Brent helped Angola shift more of its October loading cargoes, but roughly a third of…
Venezuela says Russia ready to support oil prices
OPEC member Venezuela and Russia, the largest oil exporter outside the group, agreed on “initiatives” to bring…
Nigeria issues additional gasoline allocations
Nigeria has issued additional import allocations for at least 300,000 tonnes of gasoline for the remainder of the…
Private investors to set up 107,000bpd Epic refinery in…
to start in next 12 months, targets 100,000 jobs
Oil bear bets on return to $25 a barrel
One of the biggest bears in the oil market has not been swayed by the snap rally that pushed the crude price up by…