#Oil & gas

Nigeria and Niger have concluded plans to establish a new oil refinery to meet the petroleum products needs of the two nations.  The

Nigeria’s excess crude account stood at $2.317 billion as of Jan. 15, a state governor said on Thursday. The figure was given by the

The battle between OPEC and shale oil producers can be characterized as a two-round fight. In the first round, shale producers gained

Global benchmark Brent crude oil prices jumped above $65 per barrel for the first time in 2 1/2 years after the shutdown of the

Oil held losses near $56 a barrel after falling the most in two months as U.S. gasoline stockpiles expanded more than expected,

Marketers of petroleum products have demanded a clamp down on the private depot in Apapa over alleged total disregard by some of the

OPEC and Russia are ready to extend their oil production cuts until the end of next year to ensure global stockpiles keep falling and

Alexander Novak, Russia’s Energy Minister expects OPEC and its allies to reach a decision on Thursday, Nov. 30 to extend their pact to

Market watchers see few opportunities for oil prices to rally, but plenty of room for them to fall, after a critical meeting of energy

OPEC will have to decide whether to extend global oil cuts without knowing whether they’re triggering a new flood of rival supply from