The U.S. Department of Energy (DOE) stated that it would sell 26 million barrels of oil from the SPR, a move that some traders did not...
Oil prices showed some moderation on Monday, following a 2% hike in the previous session. Investors were seemingly unperturbed by the effects of the recent production...
Russia’s government has proposed a bill that aims to regulate discounts on its oil exports. The draft proposal, introduced in the country’s State Duma, sets the...
Oil Marketers have traced the lingering queues at filling stations to the instability in the supply of Premium Motor Spirit (PMS) known as petrol in many...
A leading research firm, Hawilti Limited has projected that Nigeria will emerge as Africa’s biggest crude oil refining hub by 2025. This was contained in its...
Nigeria has recorded a sum of N500 billion loss in its oil revenue last month due to low crude oil production. Investors King reports that Nigeria’s...
Crude oil prices inched higher on Monday after shedding 8% last week amid rising recession concerns. On Monday, oil appreciated slightly on Fatih Biro, the International...
A $740.67m contract deal was, on Thursday signed by the Nigerian National Petroleum Company Limited and Daewoo Engineering and Construction Nigeria Limited for the revamping of...
With the recent hike in the prices of oil at the international markets, the delegates of the Organisation of Petroleum Exporting Countries (OPEC) have canvassed for...
Oil prices inched slightly higher on Wednesday as optimism for a demand recovery in China and expectations that major producers will maintain current output policy offset...
