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...
Oil prices saw an upward trend on Friday as concerns over Russia’s ban on fuel exports potentially tightening global supply. This development overshadowed apprehensions of further...
The Nigerian National Petroleum Company Limited (NNPCL) has found itself at the center of a growing challenge faced by the Dangote Petroleum Refinery, one of Africa’s...
Oil prices dipped by almost $1 on Wednesday ahead of the U.S. Federal Reserve’s anticipated interest rate decision. Investors are grappling with uncertainty surrounding peak rates...
Exxon Mobil Corp has announced plans to boost its oil production in Nigeria by an additional 40,000 barrels per day. This renewed commitment to Nigeria’s energy...
Oil prices continued their upward trajectory for a third consecutive session of gains on Monday. The surge was driven by a series of factors, including predictions...
