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    Soaring Energy Prices Pose Inflation Risks as Supply Constraints Persist

    Higher prices are also impacting food security in some countries WASHINGTON, Oct. 21, 2021—Energy prices soared in the third quarter of 2021 and are expected...

    Nigeria scraps DPR, PPPRA, PEF as new oil agencies take off

    The federal government says it has scraped three oil sector agencies as required under the new petroleum law. Under the Petroleum Industry Act, enacted in...

    OPEC+ misses target again, as some members struggle to raise oil output

    LONDON, Oct 18 (Reuters) - OPEC+ compliance with oil cuts fell slightly to 115% in September, sources said, indicating that as the alliance raises...

    We’ve been shortchanged, Niger Delta Monarchs tell NNPC

    Mkpoikana Udoma Port Harcourt — Traditional Rulers in the Niger Delta have said that the region has been shortchanged in the scheme of things, following...

    NCDMB, Partners to complete 4 projects in Q4 2021

    Lagos — Four major projects being developed by investors in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) would be completed before...

    $100 oil is ‘quite possible,’ Russia’s Putin says

    Energy prices have soared across the board as economies reopen after months of pandemic-induced lockdowns and supply remains tight. West Texas Intermediate crude futures, the...

    NNPC Weekly review: NNPC assures of adequate supply of products at Yuletide

    By Edith Ike-Eboh Ahead of the Yuletide, the NNPC Retail Limited, a downstream subsidiary of the Nigerian National Petroleum Corporation (NNPC) started the week...

    Nigeria rejects single pathway to energy transition

    By Edith Ike-Eboh Abuja, Oct. 10, 2021 The Minister of State for Petroleum Resources, Chief Timipre Sylva, says Nigeria will not support any concept that...

    Nigeria joins U.S.- and EU-led effort to slash methane emissions 30% by 2030

    Valerie Volcovici WASHINGTON - Two dozen countries have joined a U.S.- and EU-led effort to slash methane emissions 30% by 2030, giving the emerging...

    Nigeria’s petroleum tanker drivers suspend strike

    ABUJA, Oct 10 - Nigerian petroleum tanker drivers have suspended a nationwide strike that was due to start on Monday to give negotiations a...

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