Nigeria’s oil rig count has increased to 13, its highest level since January 2020, according to a new report from the Organization of the Petroleum Exporting...
Brent crude oil, against which Nigerian oil is priced, declined by 0.5% to $85.13 a barrel, while U.S. West Texas Intermediate (WTI) crude slipped by 0.6%...
Oil marketers in Nigeria under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have decried the ex-depot price of Premium Motor Spirit (PMS)...
The U.S. Department of Energy (DOE) stated that it would sell 26 million barrels of oil from the SPR, a move that some traders did not...
Oil prices showed some moderation on Monday, following a 2% hike in the previous session. Investors were seemingly unperturbed by the effects of the recent production...
Asian shares took a downward turn on Monday as investors braced themselves for crucial US inflation and retail sales data, which could have a major impact...
Russia’s government has proposed a bill that aims to regulate discounts on its oil exports. The draft proposal, introduced in the country’s State Duma, sets the...
Oil Marketers have traced the lingering queues at filling stations to the instability in the supply of Premium Motor Spirit (PMS) known as petrol in many...
A leading research firm, Hawilti Limited has projected that Nigeria will emerge as Africa’s biggest crude oil refining hub by 2025. This was contained in its...
Nigeria has recorded a sum of N500 billion loss in its oil revenue last month due to low crude oil production. Investors King reports that Nigeria’s...
