Oil prices recorded a weekly decline as concerns over oversupply and ongoing uncertainty surrounding trade talks between the United States and China continued to weigh on...
Nigeria is on track to become a full petroleum exporting nation by 2027 following a major milestone by the Nigerian Midstream and Downstream Petroleum Regulatory Authority...
Global oil prices rose by more than one percent on Wednesday following renewed sanctions on Iranian oil exports by the United States and a sharper-than-expected decline...
Crude oil prices posted modest gains on Monday following a 5 percent year-on-year rebound in China’s March import volumes. The recovery was driven by increased in...
Global oil prices remained largely stable on Friday but extended their decline for a second consecutive week as investor sentiment weakened further due to escalating trade...
Oil prices reversed gains from the previous session on Thursday as markets weighed economic uncertainty, trade tensions and shifting supply-demand dynamics. Brent crude fell by 30...
Oil prices edged lower on Thursday as a larger-than-expected build in U.S. crude stockpiles dampened market sentiment. Brent crude oil, against which Nigerian oil is priced,...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused oil producers of diverting 500,000 barrels of crude oil meant for local refining to...
OPEC’s crude oil production declined following a fire outbreak at Iraq’s Rumaila oil field in January, according to a Bloomberg report. The Organization of Petroleum Exporting...
Nigeria’s oil sector is set for a major shake-up as over 55 oil licences across various oil blocks in the Niger Delta approach their expiration before...