Oil prices fell about 3% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions...
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57 billion in April 2021 representing a 23.64 per cent increase over the ₦35.24...
Oil prices tumbled on Friday, closing out a week of losses on worries that travel restrictions to curb the spread of the Delta variant of COVID-19...
Oil prices rose about 1% on Thursday on increasing Middle East tensions, but fresh movement restrictions imposed by countries to counter a surge in COVID-19 cases...
The Department of Petroleum Resources (DPR) says it is formulating a Maximum Economic Recovery (MER) strategy for Nigeria to attain maximum value delivery from its oil...
Oil extended its losses on Tuesday in volatile trade as concern over rising cases of the Delta coronavirus variant weighed on prices, sapping an earlier rally...
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from the sale of...
Oil prices tumbled about 4% on Monday as weak economic data from China and the United States, the world’s top oil consumers, and higher crude output...
President Muhammadu Buhari says successful completion of the Ajaokuta-Kaduna-Kano, AKK Project in 2023 would enhance domestic gas utilisation as the mainstay for national industrialisation. Buhari stated...
Oil rose toward $75 a barrel on Wednesday after data showed U.S. crude inventories fell more sharply than analysts had forecast, bringing the market’s focus back...
Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the shareholders of the company and the...
Crude oil futures rebounded on Tuesday as market participants vied to take advantage of oil’s two-month low hit in the previous session. Monday’s selloff, spurred by...
Oil prices plunged more than $4 a barrel on Monday, headed for its worst day since March, after OPEC+ agreed to boost output, stoking fears of...
The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have decided to adjust upwards their overall production by 0.4 million barrels per day...
Farming and fishing settlement of Yiba ama (formerly known as Oruma) in Ogbia Local Government Area of Bayelsa State has been reportedly impacted by massive crude...