After suffering its biggest one-day loss in seven weeks, Brent crude futures have stabilized, rising by 0.3% to $80.85 a barrel on Thursday. The gains follow...
The Nigerian government is resuscitating oil wells that were previously shut down with the aim of producing around 2.1 million barrels of crude oil per day,...
The Nigerian National Petroleum Company Limited (NNPCL) has announced that Nigeria’s oil production has increased to 1.6 million barrels per day. While still a few million...
Oil prices have extended their losses amid growing concerns that the U.S. Federal Reserve will indicate further interest rate hikes in the coming months, thereby lowering...
In a bid to boost oil production and expand its current output, the Nigerian National Petroleum Company Limited (NNPCL) has signed a Memorandum of Understanding with...
On Tuesday, Brent oil prices fell by 0.8% as investors took profits on previous day’s gains, fuelled by concerns about a global economic slowdown and the...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has refuted claim by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) that measurement inaccuracies in the...
Brent crude oil increased by 0.8% to reach $83.70 a barrel, while West Texas Intermediate (WTI) crude oil reached $77.14 a barrel, up 0.7%.
The Organisation of Petroleum Exporting Countries, OPEC has disclosed that Nigeria’s crude oil output increased by 31.1 million barrels in four months. OPEC’s recent report on...
The Nigerian National Petroleum Company Limited (NNPCL) has called for prompt completion of Nigeria’s refineries as it projected an annual savings of N367 billion when completed....
