All of Nigeria’s oil savings can’t fund 20% of 2017 budget-NEITI

Nigeria Extractive Industry Transparency Initiative (NEITI) says all of the country’s oil savings since the inception…

Oil edges up towards $49, U.S. drilling slowdown supports

Oil edged up to about $49 a barrel on Monday after fewer drilling rigs were added…

Oil edges up towards $49, U.S. drilling slowdown supports

Oil edged up to about $49 a barrel on Monday after fewer drilling rigs were added…

How Omokore, Aluko funded Diezani’s lavish lifestyle with Nigeria’s oil money – US 

The civil forfeiture notice filed by the US Department of Justice (DOJ) to recover $144 million…

OPEC compliance with oil cuts at lowest – IEA

The International Energy Agency (IEA) says OPEC’s compliance with production cuts fell in June to its…

OPEC sees lower demand for its oil in 2018, points to surplus

OPEC said on Wednesday its oil production jumped in June and forecast world demand for its…

Oil falls as banks cut price forecasts

Oil prices fell on Tuesday as global oversupply encouraged several banks to cut their forecasts for…

Oil, gas investment set to recover slightly – IEA

Investment in the oil and gas industry will see a tentative recovery in 2017 after an…

Iranian tanker company says oil shipments to Europe increasing

NITC, Iran’s leading oil tanker operator, said on Monday its shipments to Europe were increasing daily…

IMO to look into ban on heavy fuel oil in Arctic shipping

The International Maritime Organiation (IMO) has agreed to take steps toward a ban on the use…

CBN sells $254.3m to airlines, oil companies

Players in the retail segment of the Nigerian inter-bank foreign exchange market received a $254.3m boost…

EFCC arraigns two businessmen for N7.3bn oil fraud

The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned the duo of Ejere Chris and…