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Oil & Gas
OPEC delegates cautious over oil-price rebound
Oil prices may stay depressed until summer due to weak seasonal demand even as Saudi Arabia's strategy of curbing…
DPR seals 6 filling stations in Enugu
The Department of Petroleum Resources (DPR) in Enugu has sealed six fuel stations for selling petrol above the new…
Oil price holds above $48 as market stabilises
Brent crude futures held above $48 on Tuesday as a weaker dollar offset the im- pact of a global supply glut, with…
Why the oil market imbalance will last for half of 2015
The price of crude oil has dropped dramatically from its above $100/b highs to sub-$50/b levels, with a near term…
Saving oil prices: All eyes on Saudi Arabia’s new king
Oil prices jumped in Asian trading as news of the death of Saudi Arabia’s King Abdullah added to uncertainty in…
Brent, US Crude reacts differently to Saudi King’s death
Brent crude was buoyed by market uncertainty over the future of Saudi oil output, while US crude fell on more signs…
Total cuts North Sea, US Shale spending after oil price…
French oil and gas company Total will cut spending on ageing North Sea fields and on US shale production after the…
NUPENG urges declaration of state of emergency on…
Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called on the Federal Government to declare a state…
Africa oil boom on hold as prices spur explorer caution:…
The dash for resources that saw explorers invest billions of dollars to tap promising oil fields from Ghana on the…
Dwindling oil prices take their toll on energy industry
Plummeting oil prices are beginning to take a toll on the energy industry, prompting oil producers to slash capital…
Impact of dwindling oil prices beginning to have victims
The plunge in global oil prices is beginning to take toll on the energy industry, prompting oil producers to slash…
Oil falls as record Iraqi output seen compounding…
Oil dropped after Iraqi crude production surged to a record and the International Monetary Fund (IMF) cut its…