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.

PIGB: There is need for sensitization – NNPC

EditorAugust 17, 2018

by EditorAugust 17, 20180759

By Thompson ABISOLA The Nigerian National Petroleum Corporation has called for the sensitization of the populace on the Petroleum Industry Governance Bill which is currently

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IPMAN shuts operations in Anambra over demolition of filling station

EditorAugust 16, 2018

by EditorAugust 16, 201801246

By Thompson ABISOLA Independent Petroleum marketers in Anambra States have shut their filling stations in protest for the demolition of a member’s property by the

Featured Gas Oil

PTDF to intervene in refinery revamp

EditorAugust 16, 2018

by EditorAugust 16, 20180778

By Thompson Abisola The Petroleum Technology Development Fund (PTDF) has said it will support efforts to address some of the major challenges hindering the operations

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Hardcore hedge fund bulls say Iran sanctions may see oil at $150

EditorAugust 15, 2018

by EditorAugust 15, 20180963

By Thompson ABISOLA Clouds are gathering over the outlook for the oil market as trade tensions and rising crude supply threaten to swamp demand growth.

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NBS says price of diesel dropped in July

EditorAugust 15, 2018

by EditorAugust 15, 20180759

By Thompson ABISOLA The National Bureau of Statistics (NBS), said the average price paid by consumers for automotive gas oil (diesel) decreased from N204.97 recorded

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NNPC to establish 2 additional refineries in Warri, Port Harcourt

EditorAugust 15, 2018

by EditorAugust 15, 20180893

By Thompson ABISOLA The Nigerian National Petroleum Corporation (NNPC) said it has plans to establish 100,000-barrels-per-day brownfield refineries in Port-Harcourt and Warri to boost local

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Oil rises on Saudi output cut, Iran sanctions

EditorAugust 15, 2018

by EditorAugust 15, 20180827

By Thompson ABISOLA Oil prices rose on Tuesday after Saudi Arabia said it cut production in July, adding to concerns over global supply as U.S.

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Malaysia’s firm acquires 30% equity in Senegal oil, gas block

EditorAugust 14, 2018

by EditorAugust 14, 20180810

By Thompson ABISOLA Malaysian oil and gas company, Petroliam Nasional Bhd (Petronas), said on Monday that it had acquired a 30 per cent stake in

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Oil steady as emerging market woes dim demand outlook

EditorAugust 14, 2018

by EditorAugust 14, 20180794

By Thompson ABISOLA Oil prices were steady on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, although U.S. sanctions