The Federal Executive Council (FEC) has approved a $21 million contract to meter 187 crude oil flow stations across Nigeria. The decision was announced by the...
Nigeria’s daily oil production increased in July by 25,000 barrels per day to 1.276 million barrels per day (mbpd). This development was disclosed by the Organisation...
Oil prices rose on Friday after traders noticed signs of easing inflationary pressures in the United States, the world’s largest oil consumer. Brent crude oil, against...
The Federal Government, through the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), has reached an agreement with oil producers to permit the sale of crude oil to...
Oil prices remained largely unchanged as investors closely monitored potential energy supply disruptions due to the largest ports in Texas shutting down in anticipation of Tropical...
Oil prices for both Brent and West Texas Intermediate (WTI) crude reached new highs on Thursday, with Brent holding above $87 a barrel, its highest level...
OPEC+ is calling on member nations to rectify their quota violations. This push comes as crude prices soar to near $87 a barrel in London, presenting...
Namibia, known for its stunning landscapes like the Skeleton Coast and the Namib Desert, is fast becoming more than just a tourist hotspot. With recent monumental...
Oil prices surged to their highest levels in two months on Tuesday, driven by a combination of rising summer demand and potential supply disruptions due to...
Oil prices climbed on Monday, driven by forecasts of a supply deficit stemming from peak summer fuel consumption and ongoing OPEC+ production cuts. Brent crude oil,...