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Crude oil prices hit 13-month high, as US production dips

Crude oil prices rose for a fourth straight session on Thursday to the highest levels in more than 13 months, underpinned by monetary easing...

Oil prices climb back to pre-pandemic levels

The price of oil has recovered to its pre-pandemic levels having hit an all-time low last year. While demand for oil is still lower than...

IMF cuts Nigeria’s growth forecast to 2%

The International Monetary Fund (IMF) has cut its growth forecast for Nigeria this year to 2% from 2.5%, reflecting fears the coronavirus outbreak in...

Nigeria has met OPEC agreement by 100% – Sylva

The Minister of State for Petroleum Resources, Mr. Timipre Sylva says Nigeria has met the 100 per cent target agreement entered into by Oragnisation...

Nigeria 1.6m to1.7m bpd oil output in line with OPEC cut...

Nigeria is producing 1.6 million to 1.7 million barrels per day (bpd) of crude oil, the chief operating officer of the Nigerian National Petroleum...

Saudi Aramco: World’s most profitable company to go public

Saudi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world's biggest initial public offering (IPO).

Oil falls as US, China add more tariffs in trade war

Oil prices were lower on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further...

Crude oil hits five-month high over Libyan supply threat

Crude Oil hit a five-month high above 71 dollars a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already squeezed by OPEC cuts and U.S. sanctions on Iran and Venezuela.

Nigeria producing 1.78m barrels per day – Kachikwu

Petroleum Minister of State, Ibe Kachikwu Nigeria is producing 1.78 million barrels of crude oil per day...

Koluama Seven Brothers claims attack on Conoil facility

Koluama Seven Brothers have claimed an attack on a Conoil facility in Nigeria, warning that more of such strikes will happen if its demands are not met

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