Oil price inched higher on Tuesday despite the fast spreading COVID-19 Delta variant. Brent crude oil, against which Nigerian oil is priced gained, $0.20 or 0.27...
Goldman Sachs Group, an American multinational investment bank and financial services company, has revised down its Brent oil price projection for the third quarter (Q3) of...
Oil prices rose about $1.50 a barrel on Thursday, extending gains made in the previous three sessions on expectations of tighter supplies through 2021 as economies...
The Organisation of Petroleum Exporting Countries and allies (OPEC+) on Sunday agreed to restore Nigeria’s oil production to 1.829 million barrels per day (mbpd) following a...
Brent crude oil, the global benchmark for Nigerian type of oil, declined from $77.16 a barrel it reached on Monday, July 5, 2021 to $73.81 a...
Nigeria’s biggest oil and gas exploration and production company, Seplat Energy Plc, said it hopes the passage of the country’s long-awaited Petroleum Industry Bill by lawmakers...
Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in...
Nigeria’s oil production decline further in the month of June, according to the latest survey from S&P Global Platts. Africa’s largest oil producer, produced 1.48 million...
Global oil prices extended their declines on Thursday morning as OPEC+ standoff amid supply uncertainty weigh on oil outlook. Oil global benchmark, Brent crude oil, dropped...
Crude oil trades lower on Wednesday as uncertainty between oil giants, Saudi Arabia and the United Arab Emirates, spread through the commodity market. Brent Crude oil,...