Oil prices declined by 1% on Friday as concerns over slowing demand highlighted by the International Energy Agency (IEA) overshadowed geopolitical tensions and hopes of U.S....
Oil prices faced a downward trend on Thursday as U.S. crude inventories witnessed a substantial surge, raising concerns about demand in the world’s largest economy and...
Adegbite Falade, the Chief Executive Officer and Managing Director of Aradel Holdings Plc, has called for increased transparency among indigenous oil companies operating in Nigeria. Falade...
In January 2024, Nigeria experienced a marginal decline in its crude oil production compared to the preceding month, according to the latest report released by the...
Oil prices rose on Tuesday amidst escalating tensions in the Middle East, driven by concerns over potential disruptions in supply. However, gains were tempered by lingering...
Oil declined following last week’s advance after Iran’s foreign minister flagged the Israel-Hamas conflict could be moving closer to a diplomatic solution. Trading remained muted with...
Oil prices remained relatively stable on Friday, showing resilience amid ongoing tensions in the Middle East, with both Brent and West Texas Intermediate (WTI) crude oils...
Oil extended gains on Thursday after Israel rejected a ceasefire offer from Hamas, while a weaker dollar also supported prices. Brent crude oil, against which Nigerian...
Oil prices rose marginally as geopolitical tensions flared in the Middle East while the Federal Reserve’s hawkish comments added to market uncertainties. Brent crude hovered around...
Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East...
