A recent report has revealed that Nigeria’s daily oil losses surged to 400,000 barrels as efforts to curb crude oil theft remain ineffective. This escalation from...
Oil prices faced a setback on Thursday as the U.S. Federal Reserve’s decision to maintain interest rates dampened investor sentiment. The Federal Reserve’s announcement on Wednesday...
Nigeria’s once-thriving oil industry is facing a significant challenge as traditional buyers increasingly turn to more affordable alternatives from the United States and Russia. This shift...
Oil prices steadied on Monday with Brent crude trading near $80 per barrel and West Texas Intermediate (WTI) hovering around $76. This stabilization follows a 2.5%...
Oil prices experienced an upward trend on Thursday, driven by growing expectations that the U.S. Federal Reserve might cut interest rates in September. This optimism, however,...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced it will mandate international oil companies (IOCs) to supply crude oil to the Dangote refinery. This intervention...
Nigeria’s oil sector, once the powerhouse of the nation’s economy, is now grappling with an unprecedented decline in foreign direct investment (FDI). This downturn has seen...
Oil prices experienced a turbulent trading session on Monday as the market reacted to OPEC+’s announcement of a plan to gradually restore production starting in October....
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, agreed on Sunday to extend their oil output cuts well into 2025....
The Major Energies Marketers Association of Nigeria (MEMAN) has launched a collaborative initiative to mitigate these incidents. This effort was announced by MEMAN’s Executive Secretary, Mr....