Category : Oil

Latest and breaking oil news from various energy sector around the world. Our news analysis covers Fossil fuels and alternative energy

Why Oil News?

Oil has been the world’s most important source of energy since mid-1950s. Its products underpin modern society, supplying energy to power industry, heat homes, fuels for vehicles and various means of transportation to carry goods and people all over the world.

For this reason, it is important we stay informed on one of our high-priced goods to ensure our resources are safe and secured.

Oil price rise, Asian stocks bruised on Trump’s fresh trade war threats

EditorSeptember 2, 2018

by EditorSeptember 2, 20180645

By Giwa SHILE Asian shares came under renewed pressure on Friday as a report U.S. President Donald Trump was preparing to step up a trade

Featured Gas Oil

Oil rises on Iran sanctions, lower U.S. fuel inventories

EditorAugust 31, 2018

by EditorAugust 31, 20180649

By Thompson ABISOLA Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a

Featured Gas Oil

Oil marketers pledge support to curb pipeline vandalism

EditorAugust 31, 2018

by EditorAugust 31, 20180664

By Thompson ABISOLA The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday pledged to work with the Nigerian National Petroleum Corporation (NNPC) to curb

Featured Gas Oil

NNPC to start refueling services

EditorAugust 30, 2018

by EditorAugust 30, 20180591

By Thompson ABISOLA The Nigerian National Petroleum Corporation (NNPC) has unveiled plans to set up a subsidiary to provide refueling services to ships and other

Featured Gas Oil

5 pipeline vandals caught with 60,000 litres of petrol in Lagos

EditorAugust 30, 2018

by EditorAugust 30, 20180679

By Olamilekan FAWAS Five people were arrested for vandalisng the Nigerian National Petroleum Corporation (NNPC) pipeline and scooping over 60,000 litres of petrol in Idimu

Featured Gas Oil

Oil price rises on Iran sanctions, purportedly increasing global supply caps market

EditorAugust 30, 2018

by EditorAugust 30, 20180682

By Aliyu DANLADI Oil markets were stable on Wednesday, buoyed by falling supplies from Iran ahead of U.S. sanctions but held in check by rising

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FG denies alleged plans to sell NLNG

EditorAugust 29, 2018August 29, 2018

by EditorAugust 29, 2018August 29, 20180642

By Thompson ABISOLA The Federal Government has denied that there were plans to sell the Nigerian Liquefied Natural Gas Limited (NLNG). Minister of State for

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Oil trader faces N35m fraud charge

EditorAugust 29, 2018

by EditorAugust 29, 20180618

By Thompson ABISOLA An oil and gas trader, Christy Tafida, on Tuesday appeared before an Igbosere Magistrates’ Court in Lagos for allegedly defrauding a company

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1,331 Nigerians die in road crashes in Q2 – NBS

EditorAugust 29, 2018

by EditorAugust 29, 20180663

By Giwa SHILE Not less than 1,331 Nigerians died in the road crashes in the second quarter of 2018, TBI Africa reports. The figure was

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Capital Oil sponsors 10 Anambra youths, traditional ruler to DigiPreneur training in China

EditorAugust 29, 2018

by EditorAugust 29, 20180670

By Thompson ABISOLA Eleven persons from Anambra State including seven males, three females and one traditional ruler from are set for the first phase of

April 2019 Edition