Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has lamented Nigeria’s continued inability to refine its crude…
Category: News
Oil at highest since mid-2015 amid Iran tensions, tighter market
Oil prices on Thursday hit their highest in more than two and a half years, touching…
Taiwan releases man on bail in suspected North Korean oil transfer
A court in Taiwan has released on bail a man prosecutors allege to have made false…
Four dead as South African train crashes, bursts into flames
Four people died and dozens were injured after a passenger train derailed and crashed into a…
NNPC to sell petrol directly to marketers
The Nigeria National Petroleum Corporation (NNPC) will sell petroleum products directly to marketers, it was…
Take $3,500 and leave or risk jail, Israel tells African migrants
By Jite Eriabie Israel said on Wednesday it would pay thousands of African migrants living illegally in the…
Shanghai port sets 40m TEU world container volume record
By Jite Eriabie Container throughput at China’s Port of Shanghai surpassed 40 million TEUs in 2017.…
Ten crew missing after ship sinks off Shanghai
By Jite Eriabie China has launched a search and rescue mission for ten seafarers who remain…
Petrobras to pay $2.95bn to settle U.S. class action over corruption
By Jite Eriabie Brazil’s state-controlled oil company, Petroleo Brasileiro SA, said Wednesday that it has agreed to pay…