Oil prices gained on Wednesday following the reduction in U.S. crude and fuel inventories. However, the market remains cautious due to ongoing concerns about weak global...
Oil prices rose during the Asian trading session today on speculation that the U.S. Federal Reserve may begin cutting interest rates as soon as September. Brent...
Nigeria’s oil and gas sector is facing a new challenge as a dispute between Dangote Industries Limited and the Nigerian Midstream and Downstream Petroleum Regulatory Agency...
Nigeria pumped 236.2 million barrels of crude oil in the first half of 2024, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This figure represents...
Oil prices remained stable on Thursday as investors navigated conflicting signals regarding crude demand. Brent crude oil, against which Nigerian oil is priced, settled at $85.11...
Oil prices declined on Tuesday for the third consecutive day on growing concerns over a slowing Chinese economy and its impact on global oil demand. Brent...
In a statement on Monday, Russian Deputy Prime Minister Alexander Novak expressed confidence that the global oil market will achieve balance in the second half of...
Oil prices held firm on Monday as the political uncertainty in the United States and ongoing tensions in the Middle East persist. Brent crude oil, against...
The Federal Executive Council (FEC) has approved a $21 million contract to meter 187 crude oil flow stations across Nigeria. The decision was announced by the...
Nigeria’s daily oil production increased in July by 25,000 barrels per day to 1.276 million barrels per day (mbpd). This development was disclosed by the Organisation...
