In a strategic move to exceed the OPEC-imposed oil production quotas, Nigeria, led by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, is...
Oil prices find themselves caught in the crossfire of geopolitical tensions and the aftermath of the recent OPEC+ decision on Monday. Brent crude oil, against which...
Oil prices remained relatively unchanged on Thursday as investors awaited the outcome of an eagerly anticipated OPEC+ meeting, which could potentially result in deeper supply cuts...
Oil prices maintained their significant gains as traders anticipate the outcome of a crucial OPEC+ meeting on supply while considering signals from the Federal Reserve regarding...
Market Evaluates OPEC+ Decision Amidst Bearish Sentiment and Global Supply Worries
By Craig Erlam, Senior Market Analyst, UK & EMEA, OANDA It’s been quite a calm start to the week which isn’t entirely surprising given the lack...
Global oil prices experienced a fourth consecutive day of decline as traders anticipated the delayed OPEC+ meeting later this week, coupled with a prevailing risk-off sentiment...
Oil prices dipped by 1% on Thursday as OPEC+ unexpectedly postponed its scheduled meeting on production cuts. Brent crude oil, against which Nigerian oil is priced,...
Nigeria’s rig count, a crucial metric indicating the level of activity in the upstream sector, experienced a month-on-month decline of 13.3 percent, falling from 15 in...
Crude oil pulled back on Tuesday as investors remain cautious ahead OPEC+ meeting scheduled for Sunday. Brent crude oil, against which Nigerian oil is priced, shed...
