Nestoil Group has returned a drilling rig to productive operation after about eight years of inactivity, using the equipment to raise crude oil output from Oil...
Brent crude climbed above $90 per barrel on Monday as renewed military confrontation between the United States and Iran raised concerns over oil shipments through the...
Oil prices extended their decline on Thursday as renewed diplomatic efforts in the Middle East continued to reduce the geopolitical risk premium that had supported crude...
Dangote Petroleum Refinery has said it sometimes pays more for Nigerian crude oil than comparable imported supplies despite operating in Africa’s largest crude-producing country. Edwin Devakumar,...
Oil prices fell more than $2 a barrel on Wednesday as renewed talks between Iran and Oman raised expectations that shipping restrictions through the Strait of...
Crude oil prices declined on Monday as investors locked in profits following recent gains while awaiting details of a new round of U.S. sanctions against Iran....
Oil prices climbed to their highest level in nearly three weeks on Tuesday as the breakdown in U.S.-Iran peace efforts renewed concerns over prolonged disruptions to...
Crude oil prices struggled for direction on Monday as investors weighed the breakdown in progress between the United States and Iran against the absence of fresh...
Crude oil prices rebounded on Friday as escalating tensions between the United States and Iran revived concerns about prolonged disruptions to Middle East energy supplies. Brent...
Nigeria’s drive to recover statutory payments from the petroleum industry has yielded more than N115 billion and $84 million following enforcement action involving oil companies with financial...
