Oil prices declined by about 1% on Thursday on possible peace talks between Ukraine and Russia and concerns about rising crude inventories in the United States....
Oil-producing states in Nigeria have received a total of N2.85 trillion in 13 per cent derivation revenue between 2022 and 2024, according to findings based on...
Oil prices climbed on Monday as investors appeared to have discounted escalating trade tensions by U.S. President Donald Trump’s tariff threats. Brent crude futures rose by...
Nigeria’s crude oil production declined for the second consecutive month in January 2025. According to Reuters, crude oil production declined by 60,000 barrels per day (bpd)...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that oil and gas companies operating in the country owe the Federal Government $6.1 billion in unpaid...
The cost of producing a barrel of crude oil has risen to $40 per barrel in Africa’s largest economy as investments in modern equipment slow. The...
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...
Oil prices declined on Monday after President Donald Trump reversed the sanctions expected to be imposed on Colombia. The initial sanctions threat stemmed from Colombia’s refusal...
The Federal Government has revealed that Nigeria’s energy sector received a total investment of $6.7 billion in 2024. This was contained in a report released by...