Nigeria’s crude oil refining capacity has taken a significant hit, reducing to a mere 6,000 barrels per day, according to the latest Annual Statistical Bulletin from...
Oil prices experienced a reversal on Wednesday following a 1% rise in the previous session. Investors appeared unfazed by concerns arising from supply cuts from Saudi...
Oil prices saw a modest uptick on Monday, driven by expectations of ongoing supply constraints from major oil producers and optimism that the Federal Reserve will...
In the wake of disconcerting news that China’s manufacturing sector has contracted for the fifth consecutive month, global oil prices saw a dip on Thursday. Meanwhile,...
Oil prices saw a notable uptick on Tuesday, driven by a weakening dollar and mounting concerns about the potential impact of Hurricane Idalia on energy supply...
The Nigerian Bureau of Statistics (NBS) has released its highly anticipated 2023 second-quarter Gross Domestic Product (GDP) report, revealing a significant decline in Nigeria’s oil production....
National Security Adviser Nuhu Ribadu Highlights Ongoing Challenges and the Government's Commitment
Oil prices exhibited minimal fluctuations on Monday as China implemented measures to fortify its economy. Nevertheless, investors maintained their concerns regarding the pace of economic growth...
Sinopec Corp, the behemoth of the Chinese refining industry, is gearing up to keep its refinery output stable during the latter half of 2023, anticipating a...
Last night, a group of protesters from Ugborodo, Deghele, and Ugboegungun, the host communities of the Otumara Flow Station in Delta State, operated by Shell Petroleum...
