The exchange rates of the Nigerian Naira against its global counterparts like the U.S Dollar, Pounds Sterling and the Euro common currency can best be described...
A floating, production, storage and offloading (FPSO) crude oil station, Trinity Spirit owned by Nigeria’s Shebah Exploration & Production Company Ltd (SEPCOL) exploded with 10 crew...
Chevron rebounded from COVID-19 caused decline of 2020 to post an impressive $15.6 billion in earnings in the period ended December 30, 2021. This is unconnected...
With plans to process 540,000 barrels of oil per day, the Dangote refinery is set to commence operations in the third quarter of 2022. This development...
The increase in Omicron variant cases has cast doubt on demand for crude oil in the near-term and trimmed gains recorded earlier in the week on...
By Craig Erlam, Senior Market Analyst, UK & EMEA, OANDA It’s been an unsurprisingly muted day in the markets as the US celebrates Thanksgiving and the...
Following the damages done by AITEO leaking oil pipe to the people of Nembe community in Bayelsa state, the Federal Government has halted all operations in...
Oil held steady near the highest close since 2018, with the global energy crunch set to increase demand for crude as stockpiles fall from the U.S....
Crude oil prices fell on Monday, this was followed by the rumors of damage caused by Hurricane Ida in the Gulf of Mexico eased a little....
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday released its 2019 oil and gas industry audit report, which shows that Nigeria earned N34.22 billion from...