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.

NNPC appeals to communities to prevail on pipeline vandals

EditorOctober 16, 2018

by EditorOctober 16, 20180882

… Says vandalism prevents pumping of fuel to Enugu Depot ByThompson ABISOLA As calm returned to Osisioma Ngwa communities of Imo State following a fire

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Pipeline disaster: NEMA blames incident on lack of routine maintenance

EditorOctober 16, 2018

by EditorOctober 16, 20180761

By Meletus EZE The National Emergency Management Agency (NEMA) has attributed the Oct. 12 pipeline explosion in some communities in Osissioma Local Government Area of

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Oil rises towards $85 as Asian shares slip on lingering trade, U.S. rates worries

EditorOctober 16, 2018

by EditorOctober 16, 20180807

By Thompson ABISOLA Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing

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We’ll fight casualisation, outsourcing- NUPENG

EditorOctober 15, 2018

by EditorOctober 15, 20180819

By Thompson ABISOLA The President of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), Mr Williams Akporeha has vowed to frustrate attempts by

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NCDMB partners Dangote Refinery on local content implementation

EditorOctober 14, 2018October 14, 2018

by EditorOctober 14, 2018October 14, 20180951

By Thompson ABISOLA The Nigerian Content Development and Monitoring Board (NCDMB) has declared its intention to partner with Dangote Petroleum Refinery and Petrochemical Free Trade

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Death toll rises to 24 in Abia pipeline explosion

EditorOctober 14, 2018October 14, 2018

by EditorOctober 14, 2018October 14, 20180761

By Aliyu DANLADI The death toll from Friday’s oil pipeline explosion in two Abia communities in Osisioma Local Government Area of the state has risen

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I never said I made First Class – Kachikwu

EditorOctober 12, 2018

by EditorOctober 12, 20180754

By Thompson ABISOLA The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has described as false and baseless report making rounds that he claimed

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OPEC Secretary-General questioned ‘misguided’ renewable debate after climate report

EditorOctober 12, 2018

by EditorOctober 12, 20180733

By Thompson ABISOLA The Secretary-General, Organization of the Petroleum Exporting Countries (OPEC)Mohammad Barkindo, , on Thursday criticized a calling for radical action to fight climate

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OPEC says oil market well supplied, wary of 2019 surplus

EditorOctober 12, 2018

by EditorOctober 12, 20180832

By Thompson ABISOLA OPEC sees the oil market as well supplied and is wary of revisiting a glut next year, the group’s secretary-general said on

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Factors beyond producers’ control are impacting oil market – OPEC

EditorOctober 12, 2018

by EditorOctober 12, 20180748

By Thompson ABISOLA OPEC Secretary-General, Mohammad Barkindo, said on Thursday that there are many non-fundamental factors influencing the oil market that are beyond oil producers’

April 2019 Edition