Oil

Nigeria’s Economy No Longer Dependent on Oil, Says NNPC GMD Kyari

The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, on Monday said the Nigerian…

3 years ago

Nigeria: Former Glencore Trader Pleads Guilty in New York Over NNPC Oil Bribery Scheme

A former UK-based trader for Glencore Plc pleaded guilty on Monday over what US prosecutors called his role in a…

3 years ago

Nigeria Seeks Lower Oil Production Costs, Targets 40bn Barrels Reserve

Nigeria’s President Muhammadu Buhari on Monday called on the operators of Nigeria’s oil and gas industry to search for more…

3 years ago

Report: Nigeria’s Losses Constrain OPEC Oil Output in May

Oil production output by the Organisation of Petroleum Exporting Countries (OPEC) rose in May as the group agreed to ease…

3 years ago

Iran Negotiator Says US Sanctions on Oil, Banks ‘Expected to Be Lifted’

Iran’s chief nuclear negotiator said Tehran expects US sanctions on oil, banks and other sectors and on most individuals and…

4 years ago

Oil Rises to Near One-Year Highs After US Stock Drawdown

Oil prices rose almost 2% on and hovered near their highest levels in about a year, after government data showed…

4 years ago