Tuesday, January 26, 2021
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UAE to increase oil output to 5mbd by 2030 – Minister

The United Arab Emirates (UAE) says it is looking forward to boosting its oil production up to five million barrels per day by 2030...

NSE Index dips, Oil wobbles while Dollar smiles 

Trading on the Nigerian Stock Exchange (NSE) maintained a lackluster mood on Wednesday with the All-Share Index dipping 0.17 percent, thanks to a decline...

Oil steady as vaccine news counters rise in virus cases

Oil prices were little changed on Tuesday, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a...

Oil prices ease after OPEC, allies agree to taper oil supply...

Oil prices eased on Thursday after OPEC and allies, such as Russia, agreed to taper record supply curbs from August, though the drop was...

Oil giants including Exxon set first joint carbon target

A group of the world’s top oil companies including Saudi Aramco, China’s CNPC and Exxon Mobil have, for the first time, set targets to...

Illegal 800MT Oil Deal: EFCC arraigns dealer over inappropriate license

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned Joseph Shittu, an illegal oil dealer, in a Federal High Court in Lagos over unlawful dealings...

OPEC+ countries extend oil output of 10m b/d cut for one...

The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC allies, known as OPEC+ have agreed to extend the 10-million-barrel-per-day (mbd) first phase of the...

Oil prices dips over output cuts, surging U.S. diesel inventories

Crude oil prices decline on Thursday, reversing gains in the previous session, on concerns if major crude producers will be able to agree to...

Brent oil rises to $40 amid hopes for output cuts, recovery

Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts...

Oil-crisis: IPMAN commends FG over stable supply, distribution of PMS

Chairman of Independent Petroleum Marketers Association of Nigeria (IPMAN), Kano State branch, Alhaji Bashir Danmallam, has lauded the Federal Government for its steadfastness in...