OPEC is cautiously optimistic about China’s oil demand this year, expecting consumption growth of between 500,000 barrels per day (bpd) and 600,000 bpd in 2023 compared to 2022, OPEC’s Secretary General Haitham Al Ghais said at the CERAWeek energy ...

The Minister of State Petroleum Resources, Chief Timipre Sylva has blamed pipeline vandalism, theft, and deteriorated infrastructure for the loss of revenue from oil output.In a statement released on Monday by his Senior Advisor for Media and Communications, Horatius ...

Nigerian National Petroleum Company Limited (NNPCL) has announced that Nigeria will save roughly N367.2 billion a year by locally refining crude oil into Premium Motor Spirit, also known as petrol.The Group Chief Executive Officer of NNPC said the logistical ...

The Central Bank of Nigeria (CBN), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and other pertinent organisations are required to establish reliable data required for determining the appropriate methodology for the transportation and bulk storage of crude ...