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NUPENG Calls For Speedy Passage Of PIGB

THE National Union of Petroleum and Natural Gas workers (NUPENG) has called for speedy passage of the Petroleum Industry Governance Bill (PIGB) in the...

Oil Value Falls By 1% As Worries Over U.S. Output Mount

OIL fell around 1 percent yesterday as financial specialists kept on loosening up wagers on higher costs after record cuts a week ago in...

Brent Oil Breaks Above $50 For First Time In Sseven Months

BRENT oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global supply glut that...

OPEC Oil Output Near Record High In April As Iran, Iraq...

OPEC's oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases...

Saudi Arabia Agrees Plans To Move Away From Oil Profits

THE Saudi cabinet has approved sweeping economic reforms aimed at moving the country away from its dependence on oil profits. Just over 70 per cent of...

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