Oil

Brent crude fell more than 5 percent on Monday after the United States and Iran paused attacks over the weekend, raising hopes that diplomatic efforts could ease tensions in the Middle East. The decline followed weeks of sharp...

May 25 (THEWILL) — Global oil markets are facing what leading investment banks describe as an extreme and fast-evolving supply shock, as inventories collapse and flows through the Strait of Hormuz remain heavily disrupted. Barclays warned that the market is...

August 22, (THEWILL) – A non-governmental organisation, Stakeholders Alliance for Corporate Accountability (SACA), in Yenagoa, the Bayelsa State Capital, engaged the Community Development Committee (CDC), Chairmen and Religious Leaders, on its awareness and enlightenment crusade on the impacts of...

March 18, (THEWILL) - The Renevlyn Development Initiative (RDI) has berated the Federal Government for failing to prepare oil-bearing communities in Bauchi and Gombe states for potential environmental and health impacts of oil exploration in the region. RDI position...

March 03, (THEWILL)-  "Speak the truth. Transparency breeds legitimacy, “ John C. Maxwell Former Vice President Atiku Abubakar, through a statement issued on January 25, 2024, asked President Bola Tinubu to account for the Nigerian National Petroleum Company Limited’s $3.3...

February 09, (THEWILL) - When the IMF categorises resource-rich countries, it classifies the countries according to their export baskets. At least, twenty African countries including Nigeria, Angola, Ghana and Tanzania are classified as resource-rich, with their export base...

BEVERLY HILLS, May 03, (THEWILL) - The House of Representatives Committee on Host Communities has demanded that companies and regulatory authorities ensure that environmental justice is served to host communities that have suffered oil spills in the country, The Committee in...

...Agrees To Refund Over 2m Barrels Of Crude ...Accepts Infraction, Fine BEVERLY HILLS, February 14, (THEWILL) - This is not the best of times for Nigeria’s leading oil firm, Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal...

For President Muhammad Buhari, his long time plan to reform Nigeria's oil and gas sector will remain indelible and one that has brought full fulfilment to him in his six-year leadership of the country. PMB's long-awaited plan to reform the...

BEVERLY HILLS, February 08, (THEWILL) - Oil prices today soared to their highest in a year, with Brent futures jumping over $60 a barrel, courtesy supply cuts among key producers and hopes that the US will roll out economic stimulus...