Energy

Oil prices rose more than two per cent on Friday following China shares higher after Beijing deactivated a circuit breaker...

The Senate on Thursday said it would not take any decision on oil subsidy that would aggravate the suffering of...

Petrol scarcity bites harder in Pankshin Local Government Area of Plateau State on Tuesday as a litre was sold for...

The Ijaw Peoples Assembly (IPA) has condemned oil major, Agip, for allegedly making its security platform available to the All...

Edagberi community in Rivers State has decried the delay in cleaning the spill which occurred at the Shell Petroleum Development...

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has opposed the sale of refineries as scrap as suggested...

The first United States (U.S.) shipment of crude oil to an overseas buyer departed a Texas port on Thursday, just...

The Department of Petroleum Resources (DPR) on Friday read the riot act to filling stations who sell petrol above official...

Oil prices headed for a second year of steep losses in their last trading hours of 2015 as OPEC supplies...

The Federal Government said as from January 1, 2016, all retail stations of the Nigerian National Petroleum Corporation (NNPC) would...

Minister of State for Petroleum, Dr Ibe Kachikwu, said the nation’s refineries had been repositioned to produce not less than...

Nigerians got a N2 New Year gift from the Federal Government on Friday. From January 1, N2 will be removed...

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has urged the Federal Government to remove fuel subsidy because it had...

Nigeria currently has about 977.31 million litres of Premium Motor Spirit (PMS) in its land and marine depots, the National...

United States (U.S.) crude stocks fell unexpectedly last week, while gasoline stocks increased and distillate inventories fell, data from the...

Oil workers, under the auspices of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have condemned the...

The Federal Government, on Tuesday in Abuja earmarked N433.4 billion in the 2016 budget for its services in the Ministry...

President Muhammadu Buhari on Tuesday apologised to Nigerians over the long queues being experienced at petrol stations across the country....

Prices for Brent crude, a global benchmark, slid as low as $ 36.04 per barrel Monday, an 11-year low. That...

The new electricity tariff regime approved by the Nigerian Electricity Regulatory Commission (NERC) has removed fixed charges for all classes...