Oil Price Rises Following Report Of Explosion In Iran
Oil and gold prices have risen this Friday morning following a report by US officials saying an Israeli missile had struck Iran. Both oil benchmarks gained in early trading, initially…
FG Backs OPEC Decision To Cut Nigeria’s Oil Production
Federal Government says the decision of the Organisation of Petroleum Exporting Countries (OPEC+) to cut Nigeria’s crude oil production downward by two million barrels per day was unanimous. Minister of…
Oil Well In Bayelsa Leaks Crude Oil Onto Farmlands
Massive volumes of crude oil and gas are being spilt into wetlands, farmlands, and the Santa Barbara River, following a leak from an oil well in the Oil Mining Licence…
Council Emphasizes Zero Oil Plan to Boost Economy
Nigeria Export Promotion Council NEPC says active implementation of the Zero Oil Plan will boost Nigeria’s foreign exchange earnings in the face of economic contraction caused by COVID-19 pandemic The…