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...
Oil fell below $35 a barrel in New York for the first time since 2009 as Iran reiterated its pledge to boost crude exports, bolstering speculation...
The seeming dissolution of the Organization of Petroleum Exporting Countries prompted oil to end this week on a poor note, and more negative catalysts proceeded to...
The global oil surplus will persist at least until late 2016 as demand growth slows and OPEC shows “renewed determination” to maximize output, according to the...
Oil prices rose on Wednesday as U.S. crude stocks dipped, while Japan posted rising machinery orders, lending the market support amid an ongoing supply glut that...