The minister of State for Petroleum Resources, Timipre Sylva, has launched a US$50 million Nigerian Content Research and Development (R&D) fund, this is seen as a...
Crude oil gained on Monday amid concerns output from the United States, the world’s largest oil producer may remain below usual level given damages done by...
Oil rose towards $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and...
Oil extended losses after Saudi Arabia cut crude prices for Asian buyers, raising the prospect of fierce competition among sellers as the resurgence of Covid-19 continues...
Brent crude oil gained 13 cents or 0.2 percent to $73.16 a barrel on Friday as at 10:27 am Nigerian time ahead of U.S Non-farm Payrolls...
Oil prices rose on Wednesday before an OPEC+ meeting at which the producer club is expected to stick to a plan to add 400,000 barrels per...
Africa’s richest man and the President of the Dangote Group, Alhaji Aliko Dangote, yesterday disclosed that the 20 percent equity taken by the Nigerian National Petroleum...
Crude oil prices fell on Monday, this was followed by the rumors of damage caused by Hurricane Ida in the Gulf of Mexico eased a little....
Crude oil futures were higher in mid-morning trade in Asia Aug. 30 after Hurricane Ida forced the shutdown of more than 95% of the Gulf of...
There are indications that the Federal Ministry of Industry, Trade and Investment has put machinery in motion to push for the amendment of the newly passed...
