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NNPC diversifying portfolio beyond oil assets – Kyari Mr Kyari describes the corporation’s 'biggest take away' from the COVID-19 pandemic as three-fold. The Nigerian National Petroleum Corporation (NNPC) says it is currently diversifying its portfolio beyond oil assets due to the impact of global energy transition. Mele Kyari, Group Managing Director, NNPC made this known on Wednesday while speaking at the Gulf Intelligence “Global” UAE Energy Forum 2021. The News Agency of Nigeria (NAN) reports that Mr Kyari spoke at the virtual event on the topic: “Outlook for Africa/Nigeria’s ...

Saudi Arabia's voluntary oil production cut is set to help the oil market navigate through seasonally low oil demand during the first quarter, OPEC's secretary general told an industry event on Wednesday.

Oil’s red-hot rally took a breather as a stronger dollar and rising refined products supplies offset shrinking U.S. crude inventories, capping the price under a key technical indicator.

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market.