The Federal Government has set a mandate to focus on a 100% increase in the nation’s production of crude oil. This commitment was made by the...
The oil sector contracted by 10.73 percent year-on-year and contributed just 7.49 percent to the total real Gross Domestic Product (GDP) in the third quarter (Q3)...
The African Export-Import Bank, also known as Afreximbank has given the Nigerian National Petroleum Corporation (NNPC) financial assistance to the tune of $1.04 billion, in order...
Oil prices fell on Wednesday after the International Energy Agency (IEA) and OPEC warned of impending oversupply and as COVID-19 cases in Europe increased the downside...
Nigeria’s Aiteo, a Lagos-based international oil and gas company has reported an oil spill that is classified as “extremely high order” from one of its wells...
Oil prices rose above $83 a barrel in volatile trading on Thursday, recovering from sharp falls triggered by concerns over increasing U.S. inflation as OPEC cut...
The price of Brent crude oil heads towards $81 a barrel after President Joe Biden said his administration was looking for ways to reduce energy costs...
Oil prices rose on Tuesday after President Biden lifts the pandemic travel ban imposed on U.S bound travelers for more than a year. The lifting of...
Oil prices pared losses on Friday after OPEC and allies, together known as OPEC+, agreed to stick to a gradual increase of global crude oil supply...
Oil dropped further on Tuesday amid uncertainties surrounding OPEC+’s Thursday meeting and the U.S weekly oil inventories report expected to show an increase in crude inventories....
