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...
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...
