Brent crude oil, against which Nigerian oil is priced, rebounded about 1% to near $76 a barrel on Thursday after data showed a drawdown in US...
The Central Bank of Nigeria (CBN) has disclosed that it injected a total of $1.25 billion into the oil sector for the importation of petroleum products...
As the United States prepares to ramp up shale oil production under the incoming administration of President Donald Trump, the global oil market faces a potential...
Brent crude oil, the international benchmark for Nigerian crude oil, closed the week ended January 3, 2025 in the green despite the uncertainty surrounding the global...
On a weekly basis, both Brent and US West Texas Intermediate (WTI) crude gained about 1.4 percent ahead of year-end, buoyed by a larger-than-expected drawdown from...
Oil prices were slightly down on Friday morning as investors looked at the possibility of economic stimulus efforts prompting a recovery in China. Brent crude futures...
Oil prices rose on Tuesday buoyed by slightly positive market outlooks for the short term and stronger US economic data, despite thin trade ahead of the...
Oil prices including Brent crude and the US West Texas Intermediate (WTI) ended the week about 2.5 percent as markets weighed Chinese demand and interest rate-cut...
Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China. Brent crude futures fell by 41 cents, or...
Oil prices fell on Thursday morning after the US Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, which could slow...