Oil prices to close the week with about a 2% gain as robust holiday demand from China and constrained U.S. fundamentals overshadowed concerns about potential supply...
Crude stocks at a pivotal storage hub in Cushing, Oklahoma, hit their lowest levels since July last year, sparking concerns about future supply stability.
Amidst growing concerns over the surging price of crude oil on the international market, Nigerian citizens are bracing themselves for a possible increase in pump prices....
Nigeria’s oil output from Production Sharing Contracts (PSCs) with partnering firms has reached a historic low of 34 percent over the past year, according to a...
Supply Constraints and Economic Fears Cast Shadows Over the Oil Market
Expectations soared when oil marketers championed the removal of fuel subsidies and deregulation of Nigeria’s downstream sector. However, months after the removal of subsidies and deregulation,...
Oil markets are maintaining their steady course as hedge funds double down on their bets that tightening supplies will reignite the recent rally, despite a slight...
Oil prices saw an upward trend on Friday as concerns over Russia’s ban on fuel exports potentially tightening global supply. This development overshadowed apprehensions of further...
Oil prices dipped by almost $1 on Wednesday ahead of the U.S. Federal Reserve’s anticipated interest rate decision. Investors are grappling with uncertainty surrounding peak rates...
Oil prices continued their upward trajectory for a third consecutive session of gains on Monday. The surge was driven by a series of factors, including predictions...