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...
The group of oil producers comprising OPEC and non-member participants including Russia agreed to extend the 400,000 bpd monthly supply increments into February 2022, arguing that overblown Omicron...
Oil prices surrendered earlier gains on Tuesday as investors embraced expectations that major oil producers will confirm a plan to add supply later on Tuesday amid...
Nigeria and other exporting nations across the world cash in short on the proceed from crude oil per barrel in November following price depreciation in the...
Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand. Brent...
With Brent rising for the past eight weeks and West Texas Intermediate (WTI) climbing for the past 10 weeks, oil prices are starting to look overbought,...
Brent, the international benchmark, rose as much as 0.9 per cent to $80.22 a barrel early on Tuesday, hitting a three-year high for the second consecutive...
Nigeria to share in 400000bpd oil raise agreement by OPEC Nigeria is to ramp up crude oil production following the agreement reached by members...
OPEC+ resumes oil policy talks amid Saudi-UAE clash OPEC+ ministers resume talks on Monday after failing to reach a deal on oil output policy...
Nigeria to cash in big as Price of Bonny Light hits $74.68 per barrel For the first time in 2021, the price of Nigeria’s...
Oil price sustains steady rise to near $72 per barrel Crude oil price closed in on the $72 mark as Brent crude hit $71.85...
