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....
Nigeria is not relenting in increasing its oil output and reserves. Since the Nigerian National Petroleum Company Limited (NNPCL) announced the discovery of oil in Nasarawa...
Oil prices are on track for weekly losses of 2.5% as concerns mount over the potential for further tightening of monetary policy by the Federal Reserve...
Oil prices rose on Thursday, as the International Energy Agency (IEA) predicted strong demand from China will lead to a record 101.9 million barrels per day...
Nigeria’s oil rig count has increased to 13, its highest level since January 2020, according to a new report from the Organization of the Petroleum Exporting...
Brent crude oil, against which Nigerian oil is priced, declined by 0.5% to $85.13 a barrel, while U.S. West Texas Intermediate (WTI) crude slipped by 0.6%...
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...
