In a recent report published by the Nigeria Extractive Industries Transparency Initiative (NEITI), it has been disclosed that no fewer than 23 oil blocks, managed by...
OPEC’s oil production rose for a second consecutive month in September as revealed by a recent Reuters survey. Despite ongoing efforts by Saudi Arabia and other...
Diezani Alison-Madueke, Nigeria’s former Minister for Petroleum Resources, appeared in Westminster Magistrates Court on Monday, facing charges of receiving bribes in exchange for awarding lucrative oil...
Oil prices slipped 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising...
Oil prices to close the week with about a 2% gain as robust holiday demand from China and constrained U.S. fundamentals overshadowed concerns about potential supply...
Crude stocks at a pivotal storage hub in Cushing, Oklahoma, hit their lowest levels since July last year, sparking concerns about future supply stability.
Amidst growing concerns over the surging price of crude oil on the international market, Nigerian citizens are bracing themselves for a possible increase in pump prices....
Nigeria’s oil output from Production Sharing Contracts (PSCs) with partnering firms has reached a historic low of 34 percent over the past year, according to a...
Supply Constraints and Economic Fears Cast Shadows Over the Oil Market
Oil markets are maintaining their steady course as hedge funds double down on their bets that tightening supplies will reignite the recent rally, despite a slight...
