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Oil talks delayed as Saudi Arabia, Russia trade blames over price collapse

OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow

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African producers among the most hard-hit as oil price plunges

African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price. Oil price crashed below $20


Global Oil price rises to two-month high of $35

The international oil price benchmark, Brent crude, rose to its highest level since March on Monday as major oil producers cut their output levels and

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Tanzania ranked second in continental radiation safety control

Tanzania has been ranked the second country in Sub- Saharan Africa for putting in place a modern laboratory complex that increases safety and control of

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Togo, Niger, Benin owe Nigeria N30bn for electricity

The Republics of Togo, Niger and Benin owe Nigeria a total of N29.97bn for the electricity supplied to them from January to September last year,

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Dangote’s oil field to Produce 20,000 BPD Oil From July

Africa’s richest man, Aliko Dangote, will begin production of oil from two assets he snapped up from Royal Dutch Shell Plc in July, adding a

Business/Tech Touch

Nigeria loses $20.4b yearly to oil theft

Speaker of the Nigerian House of Representatives, Hon Femi Gbajabiamila on Tuesday said the country is losing  400,000 barrels of oil per day (BPD) amounting

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OPEC recruits Russia’s support on production cut

Saudi Arabia and other members of the Organisation of Petroleum Exporting Countries are seeking to win support from Russia to join them in new additional


Nigeria’s Government to explore rail transport in moving gas, petrol around the country

Plans are underway towards adopting rail transportation in the movement of petrol and cooking gas around the country. This is information released by the Petroleum