The Nigerian National Petroleum Company Limited (NNPCL) has announced that Nigeria’s oil production has increased to 1.6 million barrels per day. While still a few million...
In a bid to boost oil production and expand its current output, the Nigerian National Petroleum Company Limited (NNPCL) has signed a Memorandum of Understanding with...
On Tuesday, Brent oil prices fell by 0.8% as investors took profits on previous day’s gains, fuelled by concerns about a global economic slowdown and the...
Brent crude oil increased by 0.8% to reach $83.70 a barrel, while West Texas Intermediate (WTI) crude oil reached $77.14 a barrel, up 0.7%.
The Organisation of Petroleum Exporting Countries, OPEC has disclosed that Nigeria’s crude oil output increased by 31.1 million barrels in four months. OPEC’s recent report on...
The Nigerian National Petroleum Company Limited (NNPCL) has called for prompt completion of Nigeria’s refineries as it projected an annual savings of N367 billion when completed....
Nigeria is not relenting in increasing its oil output and reserves. Since the Nigerian National Petroleum Company Limited (NNPCL) announced the discovery of oil in Nasarawa...
Oil prices are on track for weekly losses of 2.5% as concerns mount over the potential for further tightening of monetary policy by the Federal Reserve...
Oil prices rose on Thursday, as the International Energy Agency (IEA) predicted strong demand from China will lead to a record 101.9 million barrels per day...
Nigeria’s oil rig count has increased to 13, its highest level since January 2020, according to a new report from the Organization of the Petroleum Exporting...