Oil prices surged as much as 12% on Friday after new suggestions that Opec nations were set to cut oil production. The United Arab Emirates’ energy...
Royal Dutch Shell said fourth-quarter earnings tumbled 44 percent as the collapse in oil prices took its toll on another global energy giant. Profit adjusted for...
Worries about Iran’s return to an already oversupplied oil market drove down global benchmark, Brent crude on Monday to as low as $27.67 per barrel, its...
Brent crude fell to a 12-year low in London, briefly dipping below $28 a barrel, after the lifting of international sanctions on Iran paved the way...
United Nations officially lifted economic sanctions that have crippled Iran’s economy for more than a decade after the agency certified that Iran has met all the...
Crude oil dropped below $30 a barrel in New York for the first time in 12 years on concern that China’s market rout will affect demand...
Filling stations belonging to the Nigerian National Petroleum Corporation will from January 1, 2016 sell petrol for N86 per litre, while other stations belonging to different...
Oil marketers on Saturday said it was possible to sell Premium Motor Spirit at N85 per litre. They however expressed doubt if Nigerians were ready to...
Nigeria’s Gas Revenue Drops by 50.2 Percent Gas proceeds from the Nigeria Liquefied Natural Gas and others have dropped by 50.2 per cent from $169.728m in...
Brent crude slumped to the lowest price since mid-2004 amid speculation suppliers from the Middle East to the U.S. will exacerbate a record glut as they...