Nigeria’s Aiteo, a Lagos-based international oil and gas company has reported an oil spill that is classified as “extremely high order” from one of its wells...
Oil prices rose above $83 a barrel in volatile trading on Thursday, recovering from sharp falls triggered by concerns over increasing U.S. inflation as OPEC cut...
The price of Brent crude oil heads towards $81 a barrel after President Joe Biden said his administration was looking for ways to reduce energy costs...
Oil prices rose on Tuesday after President Biden lifts the pandemic travel ban imposed on U.S bound travelers for more than a year. The lifting of...
Oil prices pared losses on Friday after OPEC and allies, together known as OPEC+, agreed to stick to a gradual increase of global crude oil supply...
Oil dropped further on Tuesday amid uncertainties surrounding OPEC+’s Thursday meeting and the U.S weekly oil inventories report expected to show an increase in crude inventories....
Global oil prices moderated on Monday after data from the Chinese government showed gasoline and diesel reserves were substantial than initially thought. Investors that had thought...
Global oil prices fell by 1 percent on Wednesday after data from the U.S. Energy Department showed that the United States oil inventories unexpectedly rose by...
Tight global oil supply pushed Brent crude oil, against which Nigeria oil is priced, to a multi-year high of $86.66 per barrel on Monday at 3:30...
Global oil prices moderated slightly on Wednesday following the Chinese government’s decision to curb high coal prices and ensure coal mines function at maximum capacity. Brent...
