barrel

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu says the approved private sector driven Refinery in Mashi, Katsina State will be completed in 2021. Kachikwu, who made this known to State House correspondents in Abuja on…

Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. Brent crude oil was up 40 cents at 52.06 dollars a barrel by 0715 GMT. United States light crude was 35 cents higher at…

The Minister of Petroleum Resources, Dr Ibe Kachikwu, has decried the high cost of oil production at 32 dollars per barrel, saying it makes cost of Foreign Direct Investment (FDI) very expensive. Kachikwu made the assertion at the 2017…

The Nigerian National Petroleum Corporation (NNPC) said on Monday the nation’s current crude oil production had risen to 2.35 million barrels per day. Its Group Managing Director (GMD), Dr. Maikanti Baru, said this at the inauguration of…

Oil prices rose on Thursday lifted by signs of a tightening US market although high crude supplies from producer club OPEC weighed on market sentiment. Benchmark Brent crude was up 25 cents at 52.61 dollars a barrel by 1353 GMT. US light…

Crude oil futures edged up on Friday as traders and analysts eyed U.S. jobs data which could give further momentum to rising prices. Brent futures rose 19 cents to 37.26 dollars a barrel after settling 14 cents higher in the previous…