Oil & Gas

KEY POINTS Oil prices extended their decline on Wednesday, clinging to five-month lows amid mounting anxiety over a renewed US-China trade spat and forecasts of an impending supply glut that …

KEY POINTS Algeria has signed a sweeping $5.4 billion oil and gas production-sharing agreement with Saudi Arabia’s Midad Energy, marking one of the North African nation’s largest energy pacts in …

KEY POINTS Global oil markets are under renewed pressure as Brent crude prices dropped more than 6% in October, slipping toward $62 a barrel and struggling to hold above the …

KEY POINTS Italian energy giant Eni is gearing up to kick off its joint gas venture with Malaysia’s state-owned Petronas by 2026, marking another milestone in its strategy to expand …

KEY POINTS Nigeria’s Bonny Light crude held firm around $67 a barrel on Monday as a wave of renewed optimism swept through global oil markets, driven by hopes that the …

KEY POINTS Nigeria’s state-owned oil company, the Nigerian National Petroleum Company, NNPC, has raised the pump price of petrol to N992 per litre in Lagos, up from N865, marking yet …

KEY POINTS Prices of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, have continued their sharp climb across Nigeria, driven by tightening supply and opportunistic market practices. Reports indicate …

KEY POINTS The Nigerian government has barred the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, from launching strikes against the Dangote Refinery, declaring that such actions violate …

KEY POINTS The Nigerian oil and gas sector is enjoying a strong rebound this month, as renewed investor confidence and firm price action in a handful of key stocks lift …

KEY POINTS The United States has granted approval for Shell and the government of Trinidad and Tobago to jointly advance development of the long-stalled Dragon offshore gas field in Venezuelan …