Amid escalating tensions in the Middle East, oil prices surged on Monday as fears of supply disruptions intensified following a drone attack by Houthi rebels targeting...
Nigeria’s oil industry is on the cusp of significant transformation as Shell, a pioneering force in the nation’s oil sector, exits its onshore operations, signaling a...
Oil rallied to the highest price in two months after a fuel tanker was struck near Yemen, underscoring the geopolitical risks to crude supplies. West Texas Intermediate rose...
Oil prices experienced a notable surge, reaching a one-month high as several global factors contributed to the bullish market sentiment. West Texas Intermediate (WTI) climbed above...
Brent crude oil, against which Nigerian crude oil is priced, declined by 0.6% decline to settle at $79.55 per barrel. The dip was attributed to growing...
The Dangote Petroleum Refinery is poised to supply fuel to approximately 150,000 retail outlets affiliated with the Independent Petroleum Marketers Association of Nigeria (IPMAN). The decision...
Oil prices lost more ground on Monday as economic headwinds pressured the global oil demand outlook and offset geopolitical concerns in the Middle East and an...
Crude oil rose slightly on Friday morning as concerns over geopolitical tensions and supplied disruptions caused by cold weather in the U.S. overshadowed the slow Chinese...
Following consistent efforts by the Nigerian government to increase crude oil production and subsequently deepen foreign revenue generation, Nigerian oil production has risen to 1.418 million...
Oil prices declined by over $1 following reports that China, the world’s largest importer of the commodity, is struggling with growth. This coupled with the persistent...
