Lawyers representing more than 13,000 Nigerians have accused Shell Plc of attempting to protect itself from scrutiny over pollution in Nigeria’s oil-producing Niger Delta. The Bille...
By Craig Erlam, Senior Market Analyst, UK & EMEA, OANDA Equity markets are treading water in the middle of the week as investors weigh up what...
Nigeria’s crude oil production rose the most in the month of March, rising to 1.6 million barrels per day (mbpd) in the month, according to a survey...
Following the Organization of the Petroleum Exporting Countries (OPEC) and its allies’ 1.66 million barrels per day (bpd) crude oil production cut on Sunday, global oil...
Despite adding palm oil to the foreign exchange restriction of the Central Bank of Nigeria (CBN) to encourage its local production, Nigeria spent N299.6 billion on...
In a surprising move, the OPEC+ announced a reduction in its combined oil production by more than 1 million barrels per day. This announcement came as...
On Sunday, Saudi Arabia and other OPEC+ oil producers announced an unexpected reduction in oil output cuts of around 1.16 million barrels per day. The move,...
Oil prices were holding steady on Friday as investors awaited the release of key U.S. inflation data that could provide clues on future interest rate moves....
Oil prices increased on Thursday due to a surprise decline in U.S. crude stockpiles and a stoppage in exports from the Kurdistan region of Iraq that...
The Nigerian National Petroleum Company Limited, NNPCL has intensified efforts to boost the nation’s crude oil reserves to 50 billion barrels. Investors King gathered that the...
