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    Oil & Gas

    Nigeria’s crude oil production drops to 1.338mbpd as oil nears $90 a barrel

    By Solomon Asowata Lagos, Jan. 18, 2022 Nigeria’s crude oil production dropped to an average of 1.338 million barrels per day in December 2021, the...

    OPEC daily basket price now $86.54 per barrel

    By Emmanuella Anokam Abuja, Jan. 18, 2022 The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples...

    Nigeria plans 10m gas cylinders for sale nationwide

    By Auwalu Birnin Kudu Bauchi, Jan. 18, 2021 The federal government says it will inject 10,000,000 cylinders of the Petroleum Liquified Gas into...

    Heirs Oil & Gas targets investment in Niger Delta OML 17 — EPC contract on offer

    Heirs Holdings has launched a tender for work on the Elelenwa multi-phase pump gathering station, on OML 17 in Nigeria. The tender is coming close...

    Oil prices shrug off Omicron to reach two-month high

    Oil prices hit two-month highs on Wednesday on tight supply and easing concerns about the potential hit to demand from the Omicron coronavirus variant. U.S....

    Oil tops $83, as Omicron impact expected to be short lived

    Oil rose to nearly $84 a barrel on Tuesday, supported by tight supply and expectations that rising coronavirus cases and the spread of the...

    Global oil demand 2021 pegged at 96.5 mb/d, 100.6 mb/d in 2022 – OPEC

    By Emmanuella Anokam Abuja, Jan. 11, 2022 The Organisation of the Petroleum Exporting Countries (OPEC) says World total oil demand in 2021 is pegged...

    Nigeria defaults as Oil resumes climb on renewed risk appetite, tight OPEC supply

    By Sonali Paul MELBOURNE (Reuters) - Oil prices rose on Tuesday after two days of losses, with some risk appetite returning as the market awaited...

    Oil slips, but set for weekly gain on Kazakh, Libyan concerns

    Oil prices settled lower on Friday, as the market weighed supply concerns from the unrest in Kazakhstan and outages in Libya against a U.S....

    Nigeria, Angola undershoot target spur OPEC output boost shrinks

    OPEC output rises 70,000 bpd from November Compliance with OPEC+ cut pledges rises to 127% LONDON, Jan 6 - The increase in OPEC's oil output...

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