According to the latest data from OPEC's monthly oil market report (MOMR), Nigeria's crude oil production for February decreased to 1.32 milli...
Oil prices fell slightly on Thursday due to anticipation of delayed U.S. interest rate decreases, despite positive Chinese trade data indicating stron...
Russia has announced intentions to suspend petrol exports for six months beginning in March in order to prioritise supply for the domestic market duri...
OPEC's latest Monthly Oil Market Report, released on Tuesday, forecasts a significant increase in global oil demand of 1.8 million barrels per day...
Brent crude rose 0.3% on Tuesday, January 30, 2024, to $82 per barrel, indicating fluctuations in the global oil market. Oil prices fell sharply on...
The Federal Government has maintained that not less than N4.3tn worth of crude oil was stolen in 7,143 pipeline vandalism cases recorded within a peri...
The OPEC+ panel assessing the oil market concluded a brief meeting on Wednesday without suggesting any changes to the present oil production strategy,...
Russia intends to keep its vow to cut back on oil shipments in August according to confidential sources quoted by Reuters. The western ports ...
For very clear reasons (no thanks to the ongoing Russian-Ukraine war), economic worries competed with a tighter supply outlook for later in the year a...
As consumption of inexpensive Russian oil increases and industry demands more oil, OPEC's proportion of India's oil imports is expected to dec...
Russian petrol shipments increased in the first quarter of 2023 year compared to the corresponding period in 2022 as Moscow placed increasing amounts ...
Nigeria loses billions in revenue by relying on international and indigenous oil companies to determine the amount of crude oil they produce. ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared six more regulations for the petroleum sector have been finalised and ...
The Organization of the Petroleum Exporting Countries (OPEC) just-released Monthly Oil Market Report for September revealed that Nigeria's crude o...
Oil prices dropped on Thursday after Brent crude struck a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide su...