Nigeria and other African countries will need about $15.7bn to upgrade the existing 36 refineries on the continent, the African Refiners and Distributors Association has said....
OPEC+ left oil consumers in limbo, sticking to its plan of monthly production increases until July but refusing to give any hints about further moves until...
Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead...
Brent crude oil, against which Nigerian oil is priced, gained 19 cents or 0.36 percent to $69.82 a barrel on Friday at 2:28 pm Nigerian time....
Global oil prices gained on Monday despite the cautionary nature of the oil market. Brent crude oil, against which Nigerian oil is priced, gained 72 cents...
Oil prices nudged up on Friday, recovering from three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran...
The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the...
Oil prices were mixed in a tight range on Monday after the recovery of a major U.S. pipeline network eased concerns over supply, though fresh restrictions...
Global oil prices extended a decline on Friday following a 3 percent drop on Thursday as coronavirus cases rose in India, one of the world’s largest...
Oil prices rose after the release of the International Energy Agency’s (IEA) closely-watched Oil Market Report, with WTI Crude trading at above $66 a barrel and...
