Executive members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) led by its President, Elder Chinedu Okoronkwo, recently undertook a facility tour of the OPAC modular refinery in Kwale, Delta State. It was…
Exxon Mobil and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert landscape. The cautious approach…
Saudi Arabia’s state oil producer Aramco set its April official selling price (OSP) for its Arab Light crude to Asia at plus $1.40 per barrel versus the Oman/Dubai average, up $0.40 from March, according…
The once-brash U.S. shale industry, which spent profusely in recent years to grab market share, is now focused on preserving cash, putting it at a disadvantage to low-cost OPEC producers as the global economy…
Oil prices slid more than 1% on Tuesday, extending losses that began last week, as expectations that OPEC would agree to raise oil supply in a meeting this week added to pressure and worries…
Saudi Arabia’s Sheikh Zaki Yamani, the embodiment of the ascent of Arab petroleum power and the face of the 1973 oil embargo that brought the West to its knees, has died. Yamani was a…
U.S. petroleum inventories are falling towards more normal levels as the glut earlier this year caused by volume warfare among OPEC+ members and the first wave of epidemic-driven lockdowns is gradually absorbed. Falling inventories…
Major oil companies have asked local authorities to boost surveillance on oil-producing and oil and infrastructure assets in Nigeria following protests against police brutality and plans for oil job cuts, three industry sources told Reuters on…
In attempt to significantly improve power supply to Igarra town and other communities in Akoko Edo LGA of Edo State, BEDC has finalized the design, and at the stage of awarding contract for the…