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...
The Federal Government has implemented a 7.5 percent tax on imported Liquefied Petroleum Gas, popularly called cooking gas, as the cost of the commodity leap by...
OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from...
Nigeria’s state oil company, Nigerian National Petroleum Corporation (NNPC), is considering an initial share sale after posting the first profit in its 44-year existence. Legislation signed...
