…organization meets in Vienna on Thursday Ben Eguzozie, with agency report As member-countries of the petroleum producers’ group, OPEC

By Omobayo Azeez Seplat Petroleum Development Company Plc recorded 13.4 per cent uptick in profit before deferred taxes to $270m for

The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and could

Oil prices plunged below $24 a barrel for the first time in almost 18 years after Saudi Arabia doubled down in its price war with

The federal government may have directed the reduction in the pump price of Premium Motor Spirit (PMS) from N145 per liter to about

With the international oil benchmark, Brent crude, falling below the $30 per barrel mark on Monday, the oil-dependent Nigerian economy

Nigeria’s economy may slide into another recession as the sudden crash in crude oil prices is set to wipe $8.63bn from the expected

Russian oil firms plan to raise their oil production from April and they are comfortable with the current oil prices and even lower,

Baker Hughes reported that the number of oil and gas rigs in the US fell this week by 1­ to 792, with the total oil and gas rigs

Rebalancing the oil market in a context of dropping demand and rising supply will take a while, energy expert Daniel Yergin told