Crude oil is up nearly 1% today across both major benchmarks, following a five-day losing streak. Oil’s gains come after the People’s Bank of China cut...
Chevron Nigeria Limited has found a new oil field in the shallow offshore area of the Western Niger Delta. The new oil field was estimated to...
Oil prices fell on Friday after data showed China’s economic growth slowed and investors digested a mixed Middle East outlook. Brent crude futures fell $1.39, or...
Brent crude oil, against which Nigerian oil is priced, gained 23 cents, or 0.31 percent, to settle at $74.45 a barrel on Thursday, while the US...
The prices of crude oil fell marginally on Wednesday over less oil demand growth and reduced concerns that Middle East conflicts will disrupt supply. Investors King...
A decision by Israel not to strike Iran’s nuclear and oil sites triggered losses in the international crude oil market with Brent crude oil shedding $3.21,...
Oil prices fell 2% on Monday as the Organisation of the Petroleum Exporting Countries (OPEC) again lowered its outlook for 2024 and 2025 global oil demand...
Oil prices settled lower on Friday with Brent crude oil futures settled down 36 cents, or 0.45%, at $79.04 a barrel, while the US West Texas...
The Federal Government has said all petroleum marketers can now negotiate and buy products directly from the Dangote Refinery, Lagos. A statement by the Ministry of...
The price of major oil benchmarks jumped more than 3 percent on Thursday following increased fuel demand in the United States due to Hurricane Milton and...