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Global oil price benchmark slumps to $19

The global oil price benchmark, Brent crude, has extended its decline, plummeting to $19 per barrel on Tuesday, amid the demand collapse caused by reduced

Business/Tech Touch

Global oil market undergoing ‘historic shock’- OPEC

The OPEC oil cartel said Thursday that the world market for crude is undergoing an unprecedented jolt due to coronavirus mitigation measures that have decimated

AWC Series

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


Nigeria: NNPC earns $378.42m from crude oil & gas export in June — Report

The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export earnings of $378.42 million in June, as against $133.16 million


Nigeria: Oil workers poised to disrupt supplies again with new strike action

Just after Petrol Tankers association in Lagos were pressed to suspend their strike action early this week, members of the Petroleum and Natural Gas Senior


Nigeria: Lagos tanker drivers suspend strike

The Nigeria Union of Petroleum and Natural Gas ( NUPENG) in the wee hours of Tuesday, declared that the strike embarked on by the Petroleum


Nigeria: Panic buying, fuel scarcity looms as tanker drivers down tools

Following yesterdays order by Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) that all members of the Petroleum Tanker Drivers, PTD, in Lagos zone,


Global oil prices snap after four-day winning streak

Oil prices fell for the first time in four days on Wednesday, slipping from as much as five-month highs as mounting coronavirus cases worldwide and


Nigeria increases fuel price to N143.80 per litre

The Nigerian Government has announced an increase in the new pump price of Premium Motor Spirit, otherwise known as Petrol, to N143.80 per litre. According


Nigerian govt hands off pricing of petroleum product

The Nigerian government last Thursday proceeded with the full deregulation of the downstream petroleum sector with the removal of the existing cap on petrol price,