International Brent crude futures LCOc1 were at $53.19 per barrel at 0544 GMT, down 61 cents, or 1.1 per cent, from their final close of 2018....
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦9.85billion for September, a vast improvement compared with the deficit of ₦3.90 billion, recorded...
Saad al-Kaabi, chief executive of Qatar Petroleum Qatar has resolved to quit OPEC from January 2019 but would attend the oil exporter group’s meeting this...
Saudi Arabia Crown Prince Salman and President Putin: strikes agreement on oil output cut President Vladimir Putin said that Russia and OPEC biggest producer, Saudi...
Oil bounced above 63 million a barrel on Wednesday to claw back some of the previous day’s six per cent plunge, lifted by a report of...
The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat. In the week ending November, the...
Federal, states and local governments on Wednesday shared N741.84 billion as revenue generated in August, N27.04 billion more than the N714.84 billion that was shared in...
Nigerian crude oil differentials were largely unchanged yesterday, after a series of offers from Shell for October-loading cargoes drew no buyers, and even BP, which has...
Gloomy months lie ahead of Nigeria and other crude oil exporters as OPEC on Monday forecast lower demand for crude next year. The forecast came as...
The construction of the 650,000 barrels of crude oil per day Dangote Refinery is expected to help Nigeria save over $7.5 billion through import substitution. The...
