Nigeria, Others’ Production Cuts’ll Rebalance Oil Markets – EIA       The production cuts by the Organisation of the Petroleum Exporting Countries and its allies are expected to result in a relatively balanced market next year, the United States' Energy Information Administration (EIA) said on Wednesday. The EIA...

In a deal certain to boost confidence in the downstream segment of Nigeria’s oil and gas industry, indigenous downstream company, NIPCO Plc, announced yesterday that it has acquired a 60 per cent stake in Mobil Oil Nigeria (MON) Plc from United States oil giant,...