Nigeria’s oil industry is breathing a sigh of relief. After months of battling production challenges, the country has finally broken past its OPEC quota, hitting its strongest output in nearly…
Rising crude prices give Abuja a quick boost, but inflation, higher shipping costs, and deeper economic problems could take away these gains. Report by TOYE FALEYE. Disruption in World’s Shipping…
Global energy markets entered their most severe disruption in decades after the United States and Israel launched a large-scale air campaign against Iran on Saturday, prompting Iranian retaliation across the…
Reuters Former Nigerian oil minister Diezani Alison-Madueke had no real power over government contract awards and was merely a “rubber stamp” for official recommendations, her lawyer told a London court…
TheDiggerNews Abuja: Iran’s Ambassador to Nigeria, Amb. Mahdavi Raja has reaffirmed Tehran’s commitment to deepening bilateral relations with Nigeria. Raja spoke on Tuesday in Abuja, briefing journalists on the revised…
London: Former OPEC president and Nigeria’s ex-oil minister, Diezani Alison-Madueke, appeared in a London court on Monday for preliminary proceedings in her corruption case. She is set to stand trial…
Abuja: The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million barrels per day (bpd) by 2030, if investment in the…