James Faleke, Chairman of the House of Representatives Committee on Finance, has said Nigeria’s oil production cost per barrel stands at $48, the highest globally. Speaking...
The Trans-Niger Pipeline (TNP) has achieved a new milestone with crude transport surpassing 200,000 barrels per day (bpd) in the last six months. This achievement signals...
Recent data from Nigeria’s oil production and revenue have revealed a surge in the country’s oil earnings. Crude oil earnings increased by N449.93 billion during the...
Oil prices extended their decline on Monday driven by apprehensions about sluggish demand in China despite ongoing geopolitical tensions in the Middle East and Russia. Brent...
Oil prices surged on Friday as Brent crude surpassed $83 per barrel and U.S. West Texas Intermediate (WTI) hit $79, driven by robust demand from major...
Brent crude oil appreciated by 1.1% to $82.96 per barrel following a decline in U.S. distillate and gasoline inventories. The surge in Brent crude prices was...
Brent crude oil prices surged above $82 a barrel following an unexpected move by Saudi Arabia to increase prices of its main grade to Asian buyers....
Oil prices experienced a decline for the second consecutive day as concerns mounted over China’s economic growth trajectory and uncertainty persisted regarding U.S. interest rate adjustments....
Oil prices saw a modest uptick on Monday following the announcement of OPEC+ extending voluntary output cuts until the end of the second quarter. The decision...
Oil prices declined on Thursday as concerns over demand intensified due to a larger-than-anticipated build in U.S. crude stockpiles. Brent crude oil, against which Nigerian oil...
