Global oil prices rose to a three-month high in the early hours of Monday following the announcement of new sanctions on Russian oil exports. The new...
Nigeria’s quest for energy self-sufficiency has gained momentum as the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) signed an agreement with three oil companies...
The Organisation of the Petroleum Exporting Countries (OPEC) has said its crude oil production dropped by 120,000 barrels per day (bpd) to 27.05 million bpd in...
Brent crude oil, against which Nigerian oil is priced, rebounded about 1% to near $76 a barrel on Thursday after data showed a drawdown in US...
As the United States prepares to ramp up shale oil production under the incoming administration of President Donald Trump, the global oil market faces a potential...
Brent crude oil, the international benchmark for Nigerian crude oil, closed the week ended January 3, 2025 in the green despite the uncertainty surrounding the global...
On a weekly basis, both Brent and US West Texas Intermediate (WTI) crude gained about 1.4 percent ahead of year-end, buoyed by a larger-than-expected drawdown from...
Oil prices were slightly down on Friday morning as investors looked at the possibility of economic stimulus efforts prompting a recovery in China. Brent crude futures...
Oil prices rose on Tuesday buoyed by slightly positive market outlooks for the short term and stronger US economic data, despite thin trade ahead of the...
Oil prices including Brent crude and the US West Texas Intermediate (WTI) ended the week about 2.5 percent as markets weighed Chinese demand and interest rate-cut...
