Crude oil

A former vice-president, Atiku Abubakar, says the crash in crude oil price is a blessing in disguise for Nigeria. He said the country should use the current developments in the …

Nigeria may soon slip out of reckoning as a profitable oil producer in the Organisation of Petroleum Exporting Countries (OPEC) if crude oil prices decline further by at least another …

The price of Brent crude gained $12 in early trading on Monday to hit $71.95 per barrel after an attack on oil facilities in Saudi Arabia. Yemen’s Houthi rebels had …

Edo Governor, Godwin Obaseki said the nation lost about 22 million barrels of its crude oil production to oil theft between January and June 2019. Obaseki disclosed this in a …

OPEC will debate this week whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest, two …

The All progressives Congress administration in Edo State, South-south part of Nigeria is looking forward to rake massive revenue from palm oil production. Edo State Governor, Mr. Godwin Obaseki has …

Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country lost its status as Africa’s …

Crude oil price yesterday rose to around $56 per barrel, supported by signs that Russia and the Organisation of the Petroleum Exporting Countries (OPEC) are delivering on promised supply reductions, …