Oil prices surged on Monday amid expectations that OPEC+ might deepen supply cuts to stabilize prices. Brent crude oil, against which Nigerian oil is priced, rose...
Oil prices plummeted around 5% on Thursday as concerns over global oil demand following discouraging economic data from the U.S. and Asia intensified. Brent crude oil,...
Oil prices declined on Wednesday as the United States crude oil production rose to a record high. Brent crude oil slid by 34 cents to $82.13...
The latest Monthly Oil Market Report (MOMR) from the Organisation of Petroleum Exporting Countries (OPEC) reveals a 13.3% month-on-month decrease in Nigeria’s rig count from 15...
Oil prices experienced fluctuations on Monday, driven by renewed concerns about declining demand in the United States and China, along with mixed signals from the U.S....
Nigeria’s oil and gas sector witnessed a notable absence of foreign investment in the second quarter of 2021 as international oil companies (IOCs) remained reluctant to...
Oil prices saw an uptick on Monday as both Saudi Arabia and Russia affirmed their commitment to additional voluntary oil supply cuts until the end of...
Oil prices rebounded by 1% on Thursday to put an end to a three-day decline as risk appetite returned to financial markets following the U.S. Federal...
Oil prices rebounded in Asian trade after a more than 3% drop in the previous session as concerns over supply disruptions triggered by the Middle East...
Oil prices surged by more than $2 a barrel on Friday as investors factored in concerns of an escalation of conflict in the Middle East that...
