If the goal of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to increase Nigeria’s crude oil production to 2.1 million barrels per day by 2025 is...
As Nigerians continue to battle darkness due to frequent collapse of the National Grid, the nation’s Minister of Power, Mr Adebayo Adelabu, has disclosed that the...
Chinese oil companies and private refiners have started increasing crude oil purchases from the Middle East, Africa and the Americas to mitigate the effect of sanctions...
Crude oil production rose to 1.51 million barrels per day (bpd) in Africa’s largest economy in December 2024, the highest production level for Nigeria in four...
The recent surge in global oil prices has triggered concerns over an impending rise in the cost of refined petroleum products in Nigeria. Brent crude, the...
Global oil prices rose to a three-month high in the early hours of Monday following the announcement of new sanctions on Russian oil exports. The new...
Nigeria’s quest for energy self-sufficiency has gained momentum as the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) signed an agreement with three oil companies...
The Organisation of the Petroleum Exporting Countries (OPEC) has said its crude oil production dropped by 120,000 barrels per day (bpd) to 27.05 million bpd in...
Cocoa futures dropped to their lowest levels in more than a week as traders reassessed their positions following regulatory adjustments by Intercontinental Exchange Inc. (ICE). The...
Brent crude oil, against which Nigerian oil is priced, rebounded about 1% to near $76 a barrel on Thursday after data showed a drawdown in US...
