Amid escalating geopolitical tensions following the devastating terrorist attacks in Moscow, global oil markets rose with Brent crude oil hitting a $86 price level. The tragic...
Indian refiners have taken a bold stance by refusing to accept Russian crude oil carried on PJSC Sovcomflot tankers, citing stringent US sanctions. This decision marks...
Oil prices rebounded on Thursday despite signals from the U.S. Federal Reserve indicating a potential prolongation of higher interest rates. Brent crude oil, against which Nigeria...
Nigeria’s imports surged to N35.8 trillion in 2023, according to the National Bureau of Statistics (NBS). However, amidst this import boom, the country’s exports were largely...
Oil prices surged on Monday during the Asian trading session as concerns over global supply intensified amidst ongoing attacks on Russian energy infrastructure. Brent crude oil,...
Oil prices skyrocketed following the International Energy Agency’s (IEA) adjustments to its demand and supply forecasts. The IEA’s latest report, released Thursday, sent shockwaves through financial...
Oil prices surged as Brent crude oil rose to $82.20 a barrel, a significant uptick amidst bullish sentiments driven by robust global demand forecasts. The rally...
James Faleke, Chairman of the House of Representatives Committee on Finance, has said Nigeria’s oil production cost per barrel stands at $48, the highest globally. Speaking...
The Trans-Niger Pipeline (TNP) has achieved a new milestone with crude transport surpassing 200,000 barrels per day (bpd) in the last six months. This achievement signals...
Recent data from Nigeria’s oil production and revenue have revealed a surge in the country’s oil earnings. Crude oil earnings increased by N449.93 billion during the...