The expectation of the Federal Government of Nigeria clinching a daily crude oil output of 2 million barrels per day by the end of December 2024...
Oil prices slid by $2 a barrel on Monday after Israel and Lebanon reportedly agreed to the terms of a deal to end the Israel-Hezbollah conflict,...
Nigeria’s crude oil production comes under scrutiny as figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) contradict the Nigerian National Petroleum Company Limited (NNPC)’s claim....
Oil climbed 2 percent on Thursday as tensions between Russia and Ukraine continued to heighten as the countries launched missiles at each other, worrying markets about...
Reports suggesting that Africa’s richest man and Chairman of the Dangote Group, Aliko Dangote, is seeking a multibillion-dollar bank loan to boost production at his Lagos...
Oil prices closed slightly higher on Thursday helped by a drop in US fuel stocks as the market overlooked oversupply concerns and demand worries caused by...
The international crude benchmark, Brent Crude, rose to $73 per barrel as it rose 29 cents or 0.4 percent to settle at $73.10 a barrel on...
Nigerians have been urged to refrain from panic purchase of Premium Motor Spirit popularly known as petrol. Major petroleum marketers made this known while assuring the...
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...
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...