Crude oil extended its decline on Tuesday as Russia reportedly show it favour Iran nuclear deal resuming as soon as possible.
The Nigerian Agip Oil Company (NAOC) had on Monday, 14th March, declared a Force Majeure on expected oil output at its Brass terminal in Yenagoa. This...
Global oil prices extended their declines on Monday, largely on the back of diplomatic efforts to end the ongoing war in Ukraine. Sources from the two...
The global Oil Market has become stretched to a point where only a few oil producers are giving their best to replace Russia’s heavy supply that...
As oil and gas prices continue to surge, the global energy faces huge pressure and increased demand in production. This is not unconnected to the Russia-Ukraine...
Mohammed Sanusi Barkindo, Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), has said that there is ‘no capacity to replace Russia’s 7 Million Barrels of...
Stakeholders in global Oil and gas markets have advocated a combination of more fossil fuel production and renewable energy sources to enable less reliance on Russia...
Global oil prices rose to new highs on Tuesday after the United States and United Kingdom’s decision to sanction oil imports from Russia. On Tuesday, President...
British multinational oil and gas company, Shell PLC has disclosed that it will no longer patronise Russia for its hydrocarbons, including oil and natural gas. This...
Global uncertainty trailing Russia’s invasion of Ukraine bolstered the price of Brent crude oil to the highest since 2008 on Monday during the Asian trading session....
