Nigeria’s crude oil industry extended its recovery in June 2026 as the country produced above its crude oil production allocation set by the Organisation of the...
Nigeria’s crude oil production is set to receive a significant boost as ExxonMobil resumes deepwater drilling operations with a $1 billion investment in the Usan field....
Dangote Industries Limited has commenced preliminary development activities for its planned 700,000-barrel-per-day oil refinery in Kenya. The project, which will be located in Lamu on Kenya’s...
Oil prices extended their rally on Thursday with Brent crude oil climbing above $78 per barrel as renewed geopolitical tensions in the Middle East reignited concerns...
Global oil prices moved higher on Wednesday as renewed geopolitical tensions in the Middle East heightened concerns over potential disruptions to crude supplies. Brent crude oil,...
Nigeria strengthened its position in the global refined petroleum market in June after exports of aviation fuel to Europe surpassed shipments from the United States. Market...
Oil prices retreated on Monday after OPEC+ agreed to increase crude production for August, reinforcing expectations of stronger global supply and prompting traders to reassess the...
Crude oil prices fell for a third consecutive session on Thursday as easing geopolitical tensions in the Middle East and signs of progress in indirect negotiations...
Crude oil prices declined on Wednesday as investors awaited U.S. government inventory data and monitored developments in the Middle East that could influence global supply. Brent...
Oil prices edged higher on Monday as investors continued to monitor geopolitical developments in the Middle East, where renewed tensions have kept concerns over potential supply...
