Senate Sets Oil Benchmark at $40 Per Barrel and Naira-US Dollar Exchange Rate at N379/US$ The Senate has pegged crude oil at $40 per barrel and...
OPEC Reduced Crude Oil Demand for the First Quarter of 2021 The Organisation of Petroleum Exporting Countries (OPEC) on Monday lowered expected global oil consumption for...
Brent crude oil, against which Nigeria’s crude oil is priced, rose to $51.02 per barrel on Thursday after the Food and Drug Administration (FDA) of United...
Global oil prices rose on Thursday despite the Energy Information Administration (EIA) revealing that U.S crude oil inventories rose by 15.2 million barrels to 503.2 million...
Crude Oil Declines Amid Rising COVID-19 Cases in the United States Oil prices declined by 1 percent on Tuesday following the persistent increase in the number...
OPEC and allies finally agreed to ease their 7.7 million barrels per day production cut by 500,000 barrels per day starting from January 2021. This will...
Oil prices rose further on Wednesday as hope for an effective COVID-19 vaccine and the news that the United States of America’s President-elect, Joe Biden has...
The Nigerian National Petroleum Corporation (NNPC) said the nation begged global crude oil buyers to purchase Nigerian crude oil at $9 per barrel in April when...
Series of positive COVID-19 vaccine news bolstered oil prices in the early hours of Tuesday, while expectations that OPEC and allies are likely to extend production...
The OML30 operated by Heritage Energy Operational Services Limited in Delta State has been shut down by the host communities for failing to meet its obligations...