Oil prices continued their downward spiral on Wednesday, falling even further after dropping 5% in the previous session. The drop in prices is attributed to concerns...
Oil prices fell in Asian trade on Tuesday as concerns over weak economic data from China and expectations of a U.S. interest rate hike weighed on...
The global oil market is set to witness a surge in prices to $90 per barrel this year, buoyed by the ongoing production cuts by OPEC+...
Oil prices have continued their downward trend in recent weeks as concerns mount over the slowing US economy and uncertainty surrounding OPEC+ cuts. According to recent...
Oil prices have experienced a moment of stability after a recent drop, but weak refinery margins continue to pose a threat to the industry. On Thursday,...
Oil prices continue to face downward pressure, extending sharp losses from the previous session, even after a report showing that U.S. inventories fell last week. Brent...
Nigeria has reportedly lost a staggering N2.3tn in oil revenue over the last year due to pipeline vandalism and theft. This equates to a loss of...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has invested over $1 billion in the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project. This project is one of the...
China’s upcoming May Day holiday is bringing optimism to the oil industry as holiday travel is expected to increase fuel demand in the world’s second-largest economy....
Oil prices saw a decline on Monday as concerns over global economic growth and the outlook for fuel demand weighed heavily on the commodity market. Brent...