The Organisation of Petroleum Exporting Countries and allies (OPEC+) on Sunday agreed to restore Nigeria’s oil production to 1.829 million barrels per day (mbpd) following a...
Brent crude oil, the global benchmark for Nigerian type of oil, declined from $77.16 a barrel it reached on Monday, July 5, 2021 to $73.81 a...
Nigeria’s biggest oil and gas exploration and production company, Seplat Energy Plc, said it hopes the passage of the country’s long-awaited Petroleum Industry Bill by lawmakers...
Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in...
Nigeria’s oil production decline further in the month of June, according to the latest survey from S&P Global Platts. Africa’s largest oil producer, produced 1.48 million...
Global oil prices extended their declines on Thursday morning as OPEC+ standoff amid supply uncertainty weigh on oil outlook. Oil global benchmark, Brent crude oil, dropped...
Crude oil trades lower on Wednesday as uncertainty between oil giants, Saudi Arabia and the United Arab Emirates, spread through the commodity market. Brent Crude oil,...
Nigeria is losing an average of 200,000 barrels of oil per day – more than 10 percent of its production – to pipeline vandalism, the Minister...
The rebound in global oil prices following a record decline in the price of the commodity in 2020 has helped bolstered the Nigerian oil and gas...
The Nigerian National Petroleum Corporation (NNPC) revenue declined 27.02 percent to N1.08 trillion in the first five months of 2021 compared with N1.48 trillion revenues earned...
