Brent oil on Wednesday surpassed $90 per barrel to strike the highest level for more than seven years, rattled by geopolitical tensions in Ukraine and supply...
Nigeria has regained the top spot among crude oil-producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per day in November....
Oil prices hit a fresh three-year high on Friday, climbing above $85 a barrel on forecasts of a supply deficit over the next few months as...
The price of Brent crude has dropped by 3.43 percent to $36.64 per barrel on Monday after some European countries imposed another round of lockdown to...
The United States has slashed its imports of Nigerian crude oil to 9.37 million barrels in the first five months of this year, 11.67 million barrels...
The Nigerian National Petroleum Corporation has denied the claim of 48 million barrels of crude oil allegedly stolen from Nigeria and stored in China in 2015....
The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN), on Sunday, justified his last year’s approval to some operators in the oil...
The US benchmark crude oil price collapsed on Monday, falling to one cent a barrel amid an epic supply glut caused largely by the coronavirus pandemic’s...
Traders monitoring the West African market have revealed that one of the Nigerias’s benchmark grades, Bonny Light, fell to about $12 or $13 a barrel this...
Bonny Light, one of Nigeria’s benchmark crude oil grades, traded between $12 and $13 per barrel between Monday and Friday. According to Bloomberg this price is...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said Nigeria joined the OPEC+ to cut crude oil supply by 10 million Barrel Per Day....
Femi Falana, human rights lawyer, says $12.7 billion worth of crude oil was stolen from Nigeria between 2011 and 2014. Goodluck Jonathan was president during the...