The most current Monthly Oil Market Report released on Tuesday indicates that the Organization of the Petroleum Exporting Countries increased its outp...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that Nigeria's daily oil output increased 14.63 percent in the month of...
The crew of the crude oil tanker MT Heroic IDUN has petitioned an Abuja-based Federal High Court to prevent the Federal Government from "illegall...
Nigeria's crude oil production decreased by 24.73 percent in September 2022 to 937,766 barrels per day from 1.246 million barrels per day reported...
The Federal Government has been encouraged by Mike Itima, an Ijaw youth leader in Delta State to sell crude oil to local refiners in the Niger De...
The National Information Technology Development Agency (NITDA) has expressed concerns about the necessity for the general public to exercise caution w...
Brent, Nigeria's benchmark fell to $84.35 a barrel at around 5.50 p.m. on Monday as the spike in the currency and growing recessionary fears ...
The Nigerian National Petroleum Company (NNPC) Limited Group Chief Executive Officer, Mele Kyari, has accused several employees as well as securi...
Nigeria's Chief of Naval Staff (CNS), Vice Admiral Awwal Gambo on Monday challenged the oil theft statistics provided by the Nigerian Na...
Nigerian crude oil production grew by 70,000 barrels per day in May, according to a Reuters survey issued on Tuesday. According to the document obt...
The governor of Gombe State, Muhammadu Inuwa Yahaya has expressed the need to harness the oil and gas discovered at the Kolmani oilfield in the state....
Nigeria's financial woes are far from letting up as the country is reportedly struggling to get buyers for crude oil for October exports. Accor...
The Federal Government of Nigeria has pegged the exchange rate at N410.15/$1 and the crude oil benchmark at $57 per barrel for the 2022 budget it...
Nigeria and Angola, Africa's largest oil producers, will be grappling to raise their output in the next five years as they rank very poorly in oil...
The Organisation of Petroleum Exporting Countries (OPEC) and its non-OPEC allies reached a deal yesterday to increase oil output by an initi...