Oil prices skidded around 2% as fuel demand concerns re-emerged alongside fresh coronavirus pandemic lockdowns, trimming overnight gains spurred by the grounding of a giant container...
Oil prices fell 1% on Tuesday, hit by concerns that new pandemic curbs and slow vaccine rollouts in Europe will slow a recovery in demand, while...
Oil giant Saudi Aramco reported a 44% slump in full-year 2020 results, but maintained its $75 billion dollar dividend payout, with CEO Amin Nasser describing the...
Oil prices steadied on Monday after a broad sell-off last week, as new European coronavirus lockdowns dimmed expectations of a quick economic recovery, but market players...
Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammed Sanusi Barkindo on behalf of his organisation and its members, addressed a congratulatory message to the...
Leading global oil trader, Vitol Group, record a strong profit of N3 billion for the 2020 financial year, according to Bloomberg’s report. The world’s largest independent...
Crude oil extended its decline to three consecutive days on Tuesday as data shows US crude oil inventories rose more than expected in the week ended...
The South African Department of Mineral Resources and Energy (DMRE) has announced the merger of Central Energy Fund (CEF) subsidiaries iGas, PetroSA and the Strategic Fuel...
Brent Crude Oil Rises to $71.34 Following Missile Attack on Saudi Largest Oil Facilities Brent crude, against which Nigerian oil is priced, jumped to $71.34 a...
Loud Blast Heard in Dhahran, Saudi Arabia’s Largest Crude Oil Production Site Two residents from the eastern city of Dhahran, Saudi Arabia, on Sunday said they...
