The Federal Government has disclosed plans to completely bring to a halt the matter of fuel subsidy in the country before May 29, 2023 when a...
Oil prices climbed on Thursday after Credit Suisse received a financial lifeline from Swiss regulators. Brent crude oil, the international benchmark for Nigerian oil, rose 0.7%...
The Organisation of Petroleum Exporting Countries (OPEC) recently released its Monthly Oil Market Report, confirming that Nigeria produced 1.3 million barrels per day (bpd) of crude...
Oil prices dipped slightly on Tuesday as the uncertainty surrounding the collapse of Silicon Valley Bank (SVB) continues to weigh on risky assets and fuelled concerns...
Nigeria’s total exports rose by 41.72% from N18.91tn in 2021 to N26.79tn in 2022, thanks to a significant increase in crude oil sales, which accounted for...
Oil prices experienced a decline on Tuesday, with Brent crude oil dropping by 41 cents or 0.48% to $85.77 per barrel at 2:00 pm Nigerian time,...
There are indications that the recent pipeline explosion in Rivers State poses a risk of great loss to Nigeria’s oil export. Oil Production this month is...
Oil prices inched higher on Thursday on news of positive economic data from China, the world’s largest crude oil importer. Brent crude oil climbed by 0.51%...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the identification of new oil fields capable of producing 681,000 barrels of crude oil per day and...
Oil prices fell in volatile trading on Monday, as a stronger dollar and fears of recession risks offset gains arising from Russia’s plans to deepen oil...
