OPEC Reduced Crude Oil Demand for the First Quarter of 2021 The Organisation of Petroleum Exporting Countries (OPEC) on Monday lowered expected global oil consumption for...
Brent crude oil, against which Nigeria’s crude oil is priced, rose to $51.02 per barrel on Thursday after the Food and Drug Administration (FDA) of United...
Global oil prices rose on Thursday despite the Energy Information Administration (EIA) revealing that U.S crude oil inventories rose by 15.2 million barrels to 503.2 million...
The Organisation of the Petroleum Exporting Countries (OPEC) on Tuesday said Nigeria’s oil revenue rose by 116 percent in November. The oil cartel said the 116...
OPEC and allies finally agreed to ease their 7.7 million barrels per day production cut by 500,000 barrels per day starting from January 2021. This will...
The OML30 operated by Heritage Energy Operational Services Limited in Delta State has been shut down by the host communities for failing to meet its obligations...
Oil Prices Recover from 4 Percent Decline as Joe Biden Wins Crude oil prices rose with other financial markets on Monday following a 4 percent decline...
Revenue of OPEC Members to Drop to 18 Year Low in 2020 The United States Energy Information Administration (EIA) has predicted that the oil revenue of...
Global markets will be wildly rattled by the uncertainty of the U.S. presidential election and investors should “sit tight and not reposition – yet”, warns the...
Automakers Lost $104.5 Billion in Combined Revenue in H1 2020 Automakers had a rough start to 2020, with global auto production, and sales slumped amid the...
