The Nigeria Extractive Industries Transparency Initiative (NEITI) disclosed on Wednesday that Nigeria has raked in revenue of $741.5 billion from the oil and gas sector and...
Oil prices faced a downward slide on Tuesday as lackluster Chinese economic data coupled with skepticism over the impact of Beijing’s surprise reduction in key policy...
Oil prices experienced a decline of over 1% on Monday with concerns centered around China’s struggling economic recovery and a strengthening U.S. dollar. Despite the recent...
Oil marketers have said the cost of Premium Motor Spirit (PMS), commonly known as petrol, could soar to a range of N680 to N720 per litre...
Iran’s oil exports have surged beyond initial budget projections to over 1.4 million barrels per day, according to a statement by Davoud Manzour, the head of...
The Reserve Bank of Zimbabwe has introduced a new rule that mandated miners to contribute half of their royalties in the form of valuable commodities. The...
Nigeria’s crude oil output declined by 12.56% in the month of July to 1.29 million barrels per day (bpd) from 1.48 million bpd in June. The...
Oil prices hovered near recent highs on Friday following demand predictions from both the OPEC and the International Energy Agency (IEA). Brent crude oil, against which...
Global oil prices rose to new record highs on the back of drop in global oil supplies following Saudi Arabia and Russia decision to cut crude...
Global oil prices continue their tightrope walk, wavering near multi-month highs as key producers Saudi Arabia and Russia maintain their commitment to keeping supplies in check....
