World oil-producing giant, Saudi Arabia, has recorded an oil revenue deficit of $29 billion for the second quarter of the year due to

The national oil company, the Nigerian National Petroleum Corporation incurred a loss of N30.81bn in April 2020, representing a

The Lagos Chamber of Commerce and Industry (LCCI) has condemned the Petroleum Products Pricing Regulatory Agency for continuing to fix

The Organisation of Petroleum Oil Exporting Countries (OPEC), said Nigeria’s treasury was boosted by $206.06bn petrol-dollar

After decades of an opaque, flawed and corruption-laden petrol subsidy regime, a new pump price band advised by the Petroleum Products

Oil prices fell on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has been down to a trickle

The federal government has shed more light on what it described yesterday as the full deregulation of the downstream petroleum sector,

The average daily consumption of petrol has hit 67.66 million litres, indicating an increase of 33.89 million litres when compared to

The Asset Management Corporation of Nigeria (AMCON) on Monday  took over Cedar Oil & Gas Exploration and Production Limited over

Nigerian National Petroleum Corporation (NNPC), the state-owned oil behemoth, has received an endorsement from global transparency