Global oil prices declined on Thursday as cases of Covid-10 grew in China, the world’s largest importer of the commodity. Brent crude oil, against which Nigerian...
To address the lingering fuel scarcity across the country, the Nigerian National Petroleum Company (NNPC) has reached an agreement with no less than 30,000 independent petroleum...
The transition from fossil fuels to cleaner energy and the volatility of oil prices will be two significant determinants when it comes to oil revenue.
Brent crude oil rose 8 cents, or 0.1%, to $80.07 per barrel, while U.S. West Texas Intermediate (WTI) crude oil fell 1 cent to $76.22 a...
Brent crude oil, against which Nigerian oil is priced, gained 74 cents, or 0.9%, to $79.78 a barrel in the early house of Monday while U.S....
Importation of petroleum products into Nigeria will reduce significantly by 2023 with the commencement of operations of the Dangote Refinery
A major pipeline supplying crude oil to the United States remained shut
Oil prices rebound on Thursday following China’s announcement that it was easing COVID-19 measures imposed to curb the spread of the virus. China on Wednesday announced the...
The federal government has revealed that Nine oil-producing states pocket N625.43 billion as 13 percent oil derivation, subsidy, and SURE-P refunds in just two years. This...
The official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has dried up steadily from above US$3.0 billion monthly in 2014 to an...
