Oil prices remained stable on Thursday as investors navigated conflicting signals regarding crude demand. Brent crude oil, against which Nigerian oil is priced, settled at $85.11...
Oil prices declined on Tuesday for the third consecutive day on growing concerns over a slowing Chinese economy and its impact on global oil demand. Brent...
In a statement on Monday, Russian Deputy Prime Minister Alexander Novak expressed confidence that the global oil market will achieve balance in the second half of...
Oil prices held firm on Monday as the political uncertainty in the United States and ongoing tensions in the Middle East persist. Brent crude oil, against...
The Federal Executive Council (FEC) has approved a $21 million contract to meter 187 crude oil flow stations across Nigeria. The decision was announced by the...
The Federal Government declared on Thursday that the conversion of petrol and diesel-powered commercial vehicles to run on Compressed Natural Gas (CNG) will be free of...
Nigeria’s daily oil production increased in July by 25,000 barrels per day to 1.276 million barrels per day (mbpd). This development was disclosed by the Organisation...
Oil prices rose on Friday after traders noticed signs of easing inflationary pressures in the United States, the world’s largest oil consumer. Brent crude oil, against...
The Federal Government, through the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), has reached an agreement with oil producers to permit the sale of crude oil to...
The Nigerian government has announced a series of measures aimed at curbing the surging cost of food. Among the most significant steps is the suspension of...
