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The 179th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via videoconference, on 06 June 2020, under the Chairmanship of its President, HE Mohamed Arkab, Minister of Energy of…
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The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak,…
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Nigeria has tracked down and grounded the luxury private jet purchased by its former oil minister, Dan Etete, with some of the alleged proceeds of the notorious $1.3 billion Malabu OPL245 oil deal. Asset recovery lawyers acting for the…
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The Department of Petroleum Resources (DPR) in Nigeria State on Friday, warned that any filling station in the state selling Premium Motor Spirit (petrol) above the approved pump price per litre would be sanctioned. The DPR’s Operations…
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The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down cost of crude oil production to $10 per barrel or below, the Corporation’s Chief Operating Officer (COO), Ventures and Business Development, Mr. Roland…
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The US drilling rig count fell 17 units, reaching 284 rigs working for the week ended June 5, according to Baker Hughes data. The count is down 677 units from the 948 rigs working this time a year ago. The US drilling rig count fell 17…
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The Nigerian National Petroleum Corporation (NNPC) has raised an alarm over prevalent low grade and contaminated AGO, otherwise called, diesel offered at discounted prices in parts of the Country. The warning was contained in a report…
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Indigenous players that stand in the frontline of the newly launched marginal bid round are not impressed with the management of the much awaited opportunity, pointing at the prevailing low demand and low price cycle in the global oil…
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*Brent up further as Saudi Arabia, Russia likely to extend 9.7million b/d quota Petroligica's free weekly round-up of the latest news in the oil market is as shown below: Brent has pushed up a little further this week, currently…
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Oil prices jumped today, Friday, as traders awaited the indicators of the OPEC + meeting, which was confirmed tomorrow, Saturday, where major oil producers will discuss whether to extend record production cuts. Brent crude futures rose…
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