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....
Oil prices surged during Asian trading hours on Wednesday amid mounting expectations that major oil-producing nations will uphold output cuts at an impending meeting of the...
South Sudan is seeking $250 million in financing from the International Monetary Fund (IMF) to address its ongoing balance of payment challenges and stimulate economic growth....
The $20 billion Dangote Oil Refinery is poised to be listed on the Nigerian Stock Exchange (NSE) by December 2024, according to statements made by Aliko...
French multinational oil company TotalEnergies has decided to steer its investment focus away from Nigeria to bolster its exploration in the Republic of Congo by $600...
Oil prices stabilized in Asian trading on Monday as markets turned their attention to an upcoming OPEC+ meeting, where producers are expected to discuss maintaining voluntary...
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, announced on Monday that approximately $16.6 billion in investments have been committed over the past year. This...
In a landscape where global oil markets often sway with the slightest economic shifts, stability can be a rare commodity. However, amidst discussions from the U.S....