Oil prices climbed on Monday, driven by forecasts of a supply deficit stemming from peak summer fuel consumption and ongoing OPEC+ production cuts. Brent crude oil,...
Nigeria is set to reactivate eight major idle oil fields with the potential to increase the nation’s crude oil production by 900,000 barrels per day (bpd)....
During the Asian trading session on Friday, oil prices sustained their upward increase to set the stage for a third consecutive weekly gain. This rise is...
In a bid to unlock Nigeria’s vast but underutilized heavy crude oil reserves, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) convened a pivotal industry workshop in...
Brent crude oil prices edged closer to $86 per barrel as heightened expectations of a robust demand surge during the third quarter of the year. This...
Crude oil prices declined on Monday as the U.S. dollar strengthened and concerns over potential interest rate hikes resurfaced. Brent crude oil, against which Nigerian oil...
Crude oil fell in early trading on Friday as concerns over sustained high interest rates in both Asia and the United States weighed on the outlook....
Nigeria’s oil output has taken a significant hit following the shutdown of the Nembe Creek oil field due to a major oil leak. The Nembe Creek...
Brent oil, the international benchmark for Nigerian crude oil, remained steady on Thursday, hovering just below seven-week highs as the escalating conflict in the Middle East...
Aradel Holdings Plc, a prominent player in Nigeria’s energy sector, has announced a significant upswing in its crude oil production, a notable milestone in its operational...
