Crude oil production rose to 1.51 million barrels per day (bpd) in Africa’s largest economy in December 2024, the highest production level for Nigeria in four...
The recent surge in global oil prices has triggered concerns over an impending rise in the cost of refined petroleum products in Nigeria. Brent crude, the...
Global oil prices rose to a three-month high in the early hours of Monday following the announcement of new sanctions on Russian oil exports. The new...
Nigeria’s quest for energy self-sufficiency has gained momentum as the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) signed an agreement with three oil companies...
The Organisation of the Petroleum Exporting Countries (OPEC) has said its crude oil production dropped by 120,000 barrels per day (bpd) to 27.05 million bpd in...
Cocoa futures dropped to their lowest levels in more than a week as traders reassessed their positions following regulatory adjustments by Intercontinental Exchange Inc. (ICE). The...
Brent crude oil, against which Nigerian oil is priced, rebounded about 1% to near $76 a barrel on Thursday after data showed a drawdown in US...
Latest report issued by the Nigerian Electricity Regulatory Commission (NERC) has revealed that complaints from Nigerian power users over insufficient meters, over-billing, and service interruptions increased...
As the United States prepares to ramp up shale oil production under the incoming administration of President Donald Trump, the global oil market faces a potential...
Brent crude oil, the international benchmark for Nigerian crude oil, closed the week ended January 3, 2025 in the green despite the uncertainty surrounding the global...
