U.S. investment bank Goldman Sachs said a recent call by the United States to OPEC+ to boost oil output is unlikely to result in higher production...
Oil prices rose on Wednesday as the bullish outlook for U.S. demand outweighed concerns of the rising COVID-19 Delta variant. The Brent crude oil, against which...
Bitcoin, the world’s most dominant crypto asset rose above $45,000 on Tuesday morning as more institutional investors jumped on the rising trend following weeks of bearish...
Crude oil prices declined by 3 percent on Monday during the Asian trading session as rising U.S. Dollar and COVID-19 related restrictions are predicted to halt...
The Nigerian National Petroleum Corporation (NNPC) has said it would outline policies to guide its joint venture partners (JVC) that wish to divest from joint ventures...
Nigeria may end up spending N2 trillion on petrol subsidy this year if the current situation persists, the Group Managing Director, Rainoil Limited, Dr Gabriel Ogbechie,...
Sirius Petroleum, the Africa-focused oil and gas production and development company, has signed a memorandum of understanding with Baker Hughes. The MoU names Baker Hughes as...
Egbin Power Plc, the biggest power station in Nigeria, has said it is owed N388bn by the Nigerian Bulk Electricity Trading Plc for electricity generated and...
Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, reinforcing expectations that demand will outstrip...
Oil price inched higher on Tuesday despite the fast spreading COVID-19 Delta variant. Brent crude oil, against which Nigerian oil is priced gained, $0.20 or 0.27...
