Oil prices has risen over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures, the international benchmark for oil prices, were at 57.84 dollars. U.S. West Texas Intermediate (WTI) crude...

Indian state-run oil refiners have indicated interest to increase total crude oil consumption volume next year with additional 2 million metric tonne (mt) of crude oil import from Nigeria in 2017. The Nigerian crude oil term contracts involve the export of around 1.17 million barrels...

The Revenue Mobilisation Allocation and Fiscal Commission has thrown its weight behind the move by the Federal Government to seal a $15bn future oil deal with the government of India. The Minister of State for Petroleum, Dr. Ibe Kachikwu, had announced a deal with the...

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has in India, negotiated a USD 15 billion investment with terms to be agreed, where the Indian Government would make an upfront payment for Crude purchase to Nigeria, to be repaid on the...

For the first time in over two years, the United States has taken over from India as the biggest importer of Nigeria’s crude oil, the latest monthly report from the Nigerian National Petroleum Corporation has shown. The US bought 10.79 million barrels of Nigerian crude...