Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC) Dr Mohammad Barkindo, says it has never wavered from its core values in spite of the challenges in...
The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in...
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $121.54 per barrel as of Wednesday. This...
Oil prices rose about 2% to a 13-week high as U.S. demand for gasoline has kept rising despite record pump prices, on expectations China’s oil demand...
Commissioner for Insurance / CEO Thomas O S has said that the Federal Government’s drive towards enhancing local content speaks to the long-term plan burn out...
Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand from Asian buyers and...
Brent crude was up 4 cents to $119.76 a barrel after touching an intraday high of $121.95. U.S. West Texas Intermediate crude futures rose 8 cents,...
Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian...
The Interim Administrator of Niger Delta Development Commission, Dr. Effiong Akwa, has said that the forensic audit on NDDC opened a can of worms in the...
Oil rose higher on Friday, supported by expectations that OPEC’s decision to increase production targets by slightly more than planned won’t much affect tight global supply...
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.772 million barrels per day (mbpd) target approved in June...
A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel...
European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by the end of the year, but Hungary and...
Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months as traders priced in expectations that the European Union...
Russian gas producer Gazprom said on Sunday its supply of gas to Europe through Ukraine via the Sudzha entry point stood at 44.1 million cubic metres,...