Oil was little changed after rising earlier with traders waiting for clues on how Israel will respond to an unprecedented attack by Iran. Global benchmark Brent...
After many years of global talks around diversifying from fossils to reduce carbon emission, fossil fuels have continued to constitute over 80% of global energy mix....
Oil prices were under pressure on Tuesday and thus eased by 1% as worries that sluggish global economic growth could reduce energy demand outweighed Saudi Arabia’s...
Nigeria has lost its status as Africa’s largest oil producer to Angola as Africa’s largest economy saw its oil output decline the most in April among...
Oil theft and vandalism in Nigeria have been blamed as the country’s oil production slumped by 28 million barrels between January and July 2022, threatening the...
Crude oil production from the Organisation of Petroleum Exporting Countries (OPEC) and its Russia-led allies rebounded modestly in May from a steep drop in April. The...
The burden of subsidy payment on fuel consumed in Nigeria is about to further weigh heavier on the pocket of the federal government, thus exerting pressure...
By Ahmed Ayanfe Consumers desperate for relief from the scourge of sky-high petrol prices won’t get it soon, if the latest forecast from Goldman Sachs commodity...
Nigeria’s crude oil production fell to an average of 1.219 million barrels per day (mbpd) in April 2022, representing a 1.53% decline compared to 1.238mbpd recorded...
The ongoing war by Russia in Ukraine is making the global oil market highly volatile, the Organisation Petroleum Exporting Countries (OPEC) declared on Monday. Speaking at...
