Global oil prices plunged on Wednesday as concerns over demand outweighed supply concerns. Energy investors fear recession would hurt demand regardless of current supply challenges being...
JPMorgan, an American multinational investment bank and financial services, had said crude oil prices could hit $380 a barrel if the United States and European sanctions...
Global oil prices appreciated for a fourth consecutive session after it became clear OPEC and allies can not meet their production targets any time soon.
Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost...
Global oil prices slumped on Wednesday on reports that U.S. President Joe Biden plans to slash fuel prices for drivers to ease economic hardship ahead of...
Global oil prices fell on Thursday as the United States Federal Open Market Committee (FOMC) raised interest rates by 75 basis points on inflation concerns. This...
Nigeria struggles to ramp up crude oil production in the month of May despite rising oil prices, the latest report from the Organization of the Petroleum...
Brent crude oil, against which Nigerian oil is priced, appreciated by 0.9% to $123.21 per barrel at 12:00 pm Nigerian time amid concerns over tight global...
Shell Plc is expected to finalize offers from Heirs Oil and Gas Ltd and ND Western Ltd today for its onshore oil and gas projects in...
Global crude oil prices appeared stable on Tuesday morning as the market balanced risk sentiment with supply concerns and the prospect of higher demand as China relaxes...
