Oil Prices Hit Highest In Three Months Oil prices extended gains on Friday, scaling three-month highs as the U.S. and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies that has raised questions about global demand for...

About 36.5 Million Barrels Of Oil Stolen In 2017 – NEITI   It said Nigeria lost about 36.5 million barrels of crude oil to theft and sabotage in 2017, the Nigerian Extractive Industry Transparency Initiative has said. An analysis of the latest annual oil and gas report...

OPEC's Failure To Deepen Cuts May Drive Oil To $40 - Report   New outlook by international observers has shown that a substantial build of global crude stocks and a corresponding drop in oil prices is imminent if additional oil production cuts by OPEC in 2020,...

Nigeria Rakes In $21bn From Oil In 2017, Says NEITI   Nigeria earned $21bn from the oil and gas sector in 2017, representing a 23 per cent increase from the 2016 figure of $17.05bn and 15 per cent lower than $24.79bn recorded in 2015. The Nigeria Extractive...

Senate Probes Oil, Gas Exploration Contracts   The Senate on Wednesday mandated its Committee on Petroleum Resources (Upstream) to conduct a comprehensive review of the relevant laws in Nigeria’s oil and gas sector and determine the level of compliance by the oil firms to the laws. The...

To Fight Poverty, Nigeria Must End Reliance On Oil – IMF   The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that there is a need for the Federal Government to diversify the economy from the oil in order to reduce the...