Amidst growing concerns over surging U.S. stockpiles and indications of static output policies from major oil-producing nations, oil prices declined for a second consecutive day by...
Nigeria is ramping up its efforts to address environmental concerns in the oil and gas sector with a comprehensive plan to review gas flaring strategies of...
Amid escalating geopolitical tensions following the devastating terrorist attacks in Moscow, global oil markets rose with Brent crude oil hitting a $86 price level. The tragic...
The Federal Government of Nigeria has projected the creation of 2.3 million jobs and a $17 billion boost to the nation’s GDP once President Bola Tinubu’s...
As diplomatic efforts intensify to broker a ceasefire in Gaza, global oil markets remain steady with Brent crude maintaining its position above $85 per barrel. The...
Indian refiners have taken a bold stance by refusing to accept Russian crude oil carried on PJSC Sovcomflot tankers, citing stringent US sanctions. This decision marks...
Oil prices rebounded on Thursday despite signals from the U.S. Federal Reserve indicating a potential prolongation of higher interest rates. Brent crude oil, against which Nigeria...
In February 2024, Nigeria’s oil and gas exploration activities surged with rig count increasing by 23% compared to the previous year. The rig count, a crucial...
Nigeria’s imports surged to N35.8 trillion in 2023, according to the National Bureau of Statistics (NBS). However, amidst this import boom, the country’s exports were largely...
Amidst escalating tensions in Ukraine, global oil prices took a downward turn as Russia announced plans to increase its oil exports through Western ports. The prospect...