The Nigerian National Petroleum Company Limited (NNPC) has signed a new two-year crude oil sales and purchase agreement with the Dangote Petroleum Refinery. The deal, finalized...
Oil prices fell on Monday as the resumption of crude exports from Iraq’s Kurdistan region coincided with expectations that OPEC+ will approve another production hike in...
OPEC+ has delivered only about three-quarters of the production hikes it targeted since April, with actual output falling nearly 500,000 barrels per day (bpd) short of...
Oil prices advanced on Friday to post more than a 4% gain for the week as intensified Ukrainian drone strikes on Russia’s energy infrastructure forced Moscow...
Oil prices edged lower on Thursday from the previous session’s seven-week high as investors took profits and broader market weakness pressured commodities. Brent crude oil, against...
The move by Britain, France, and Germany to revive international sanctions on Iran is unlikely to significantly reduce Tehran’s oil exports but could create opportunities for...
Nigeria allocated 67.6 million barrels of crude oil to local refineries between January and August 2025, representing 45 per cent below industry demand and casting fresh...
Crude oil prices held within a narrow range on Monday as geopolitical concerns surrounding Russia and the Middle East were offset by renewed fears of oversupply...
Oil prices edged lower on Thursday after the U.S. Federal Reserve cut interest rates as traders weighed the expected boost from looser monetary policy against concerns...
Russia’s state-owned oil pipeline monopoly, Transneft, has reportedly warned oil producers that they may be required to cut output following a series of drone attacks by...
