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17 February 2015, Lagos – Global oil prices will recover only partially from spectacular lows, which are unlikely to spur economic growth or kill off United States, U.S. shale gas production, the International Energy Agency, IEA, has said. The IEA said in its five-year forecast that crude prices will...

17 February 2015, Lagos – There are indications that petrol marketers are out to inflict hardship on Nigerians by hoarding the product six weeks...

Nigerian market scene Oscarline Onwuemenyi 17 February 2015, Sweetcrude, Abuja - The National Bureau of Statistics (NBS) has blamed marginal increases...

OPEC headquaters 16 February 2015, Sweetcrude, Vienna, Austria – The price of OPEC basket of twelve crudes stood at 55.97 dollars a barrel on Friday, compared with $52.86 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador),...

16 February 2015, Lagos – The Naira on Monday lost N2 to the dollar to sell at N210 at the Bureau De Change (BDCs) segment of the official market. Naira...

16 February 2015, Lagos – The recent postponement of the 2015 general elections by the Independent National Electric Commission (INEC) is threatening...

Fuel queue 15 February 2015, Lagos - Oil marketing firms operating in Nigeria have reacted over the reduction of the price of a litre of petrol from N97...

EKEDC logo Kunle Kalejaye 15 February 2015, Sweetcrude, Lagos – Tata Group, ‎the new owners of Eko Electricity Distribution Company, EKEDC, has...

14 January 2015, Sweetcrude, Abuja – Zonal Controller of Operations at the Department of Petroleum Resources, DPR, says the agency was planning...

Proust 14 February 2015, Sweetcrude, Lagos – Managing Director and Chief Executive Officer, Upstream Companies of Total in Nigeria, Mrs. Elisabeth...