The Federal Government of Nigeria has introduced naira-denominated crude oil sales to local refineries to support local refineries and finally putting an end to the Domestic...
Brent crude oil, against which Nigerian crude oil is priced, dropped by $1.35 or 1.7% on Monday to $79.78 per barrel. This decline comes in the...
The Minister of Finance, Wale Edun, has announced that federal government revenue from the oil sector increased from 11% in 2023 to 30% in the first...
Crude oil fell approximately 1.5% on Friday following a weekly decline driven by decreasing demand from China and optimism about a potential ceasefire in Gaza that...
Oil prices gained on Wednesday following the reduction in U.S. crude and fuel inventories. However, the market remains cautious due to ongoing concerns about weak global...
Oil prices rose during the Asian trading session today on speculation that the U.S. Federal Reserve may begin cutting interest rates as soon as September. Brent...
Nigeria’s oil and gas sector is facing a new challenge as a dispute between Dangote Industries Limited and the Nigerian Midstream and Downstream Petroleum Regulatory Agency...
Nigeria pumped 236.2 million barrels of crude oil in the first half of 2024, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This figure represents...
Oil prices remained stable on Thursday as investors navigated conflicting signals regarding crude demand. Brent crude oil, against which Nigerian oil is priced, settled at $85.11...
Oil prices declined on Tuesday for the third consecutive day on growing concerns over a slowing Chinese economy and its impact on global oil demand. Brent...
