Trump’s China Threat Shakes Stock, Oil markets Crude oil and global equity markets tumbled last Friday after U.S. President Donald Trump upped the ante in a trade dispute with China, renewing investor jitters about the potential impact a tariff war would have on the world...

Nigeria’s Active Oil Rigs Hit Three-Year High     From a record low of 23 in December 2016, the number of the nation’s active oil rigs rose to 35 in February this year, a level last seen in early 2015. The upturn in the rig count was mostly...

CBN: Fed Govt Earns N658.6b From oil, Non-oil receipts About N658.56 billion was recieved by the Federal Government from oil and non-oil sectors, the Central Bank of Nigeria (CBN) Economic report released has said. The figure, which is for November, showed that oil receipts stood at...

Kachikwu -Nigeria can’t Regain Lost US Oil Export Market   The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigeria has forever lost the United States as a significant crude export market. “That’s gone,” Kachikwu was quoted by Platts to have said during a...

US Set to topple Russia as world’s biggest oil producer The United States will overtake Russia as the world’s biggest oil producer, if not this year, by 2019 at the latest, as it oil import dropped to its lowest level since 2001. IEA Executive Director Fatih...

UK Court Quashes Nigerian Oil Spill Case Against Shell The Court of Appeal in the United Kingdom has dismissed a claim for compensation against Royal Dutch Shell by two Nigerian communities, affected by oil spill. The communities in Rivers State, Ogale and Bille began two separate...