Brent crude oil fell by $2.58 to $70.12 a barrel, while U.S. West Texas Intermediate crude fell by $2.67 to $66.36 a barrel.
Oil prices were unchanged on Monday as investors looked towards Chinese economic data to gauge demand recovery in the world’s second-largest oil consumer. Brent crude oil,...
The Organization of the Petroleum Exporting Countries (OPEC) has recently flagged downside risks to summer oil demand as a backdrop to output cuts announced this month...
Oil prices took a dip on Thursday as the possibility of a recession in the United States, the world’s largest oil consumer, overshadowed worries about tight...
In the past three years, Nigeria has paid an astounding N5.83tn in subsidies on petroleum products, according to reports by the National Bureau of Statistics (NBS)....
Oil prices have steadied as the market awaits the U.S. inflation data that will likely influence the Federal Reserve’s policy on interest rate hikes. Brent crude...
Oil prices rose on Tuesday as experts predicted a decline in the U.S. inventories, the largest crude oil consumer in the world. The rise in Asian...
According to a report by data and analytics company, GlobalData, Nigeria is set to dominate the oil and gas sector in Africa between 2023 and 2027....
Experts predict that petrol may sell for about N750/litre if the Federal Government removes the subsidy by June this year.
Oil prices have steadied on Monday after rising for three straight weeks, with the looming supply cuts from Saudi Arabia and other OPEC+ producers balancing concerns...
