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Equatorial Guinea's oil, gas sector gets $2.4bn investments

Russia to fully comply with OPEC’s supply cut deal

  Russian Energy Minister, Alexander Novak, said on Tuesday that Russia is planning to fully comply with its commitment to cut oil output under the OPEC/non-OPEC...

Non-fundamental factors impacting oil market- Barkindo

Barkindo says Russia won’t flood market with oil

Russia has pledged not to abandon a deal with OPEC to keep a lid on oil supplies, even as crude prices rise, OPEC Secretary General, Mohammed Barkindo said on Monday. A...

South Sudan boosts oil output by 70,000 bpd

Brent oil falls by $1 but demand underpins near $70 per barrel

Brent crude oil shed some of its recent gains by falling just over $1 a barrel on Tuesday but healthy demand underpinned prices near $70, a level not seen since 2014’s...

OPEC president says oil market is correcting

Oil dips from highs but OPEC cuts still support market

Oil prices dipped on Friday but stayed near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output...

rig count

JMMC may ask Nigeria, Libya to cap oil output in two weeks

The decision on whether to invite Libya and Nigeria to a meeting of the Joint OPEC-Non-OPEC Ministerial Monitoring Committee to monitor the implementation of the oil...

FG mulls legal instrument to unlock offshore gas exploration

FG eyes Russian investment in oil sector

The Federal Government has invited Russia and investors from the country to invest in the Nigerian oil and gas sector.  In a statement by the Ministry of Petroleum...