(Bloomberg) – Nigeria’s government plans to cancel most of the permits granted to marginal-oil-field operators in 2021 that remain non-operational, Minister of State for Petroleum Heineken Lokpobiri said. Only three of about 100 licenses granted in that year are operational, Lokpobiri said at the Nigerian Economic Summit in the capital, A...

(Bloomberg) – Oil is here to stay as U.S. majors strike blockbuster deals while Saudi policies are helping stabilize global crude markets, the kingdom’s energy minister said at the annual investment forum in Riyadh. Energy Minister Prince Abdulaziz bin Salman “It’s working,” Energy Minister Prince Abdulaziz bin Salman said of Saudi A...