Oil
Oil Prices Dip as U.S. Crude Inventories Surge, Raising Demand Concerns
Oil prices experienced a decline in early trade on Thursday following a significant increase in U.S. crude inventories, triggering concerns...
Read moreGlobal Economic Concerns Stifle Oil Price Surge Despite Geopolitical Unrest
In a challenging start to the week for the energy markets, oil prices faced resistance on Monday as economic uncertainties...
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Nigeria’s Major Oil Marketers Register with Dangote Refinery, Set to Distribute Refined Product
The seven major oil marketers in Nigeria have officially registered with the Dangote Petroleum Refinery for the distribution of refined...
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Oil Prices Edge Up Amidst Middle East Tensions Following US and British Strikes in Yemen
In the wake of recent strikes by US and British forces to thwart Houthi militia attacks on ships in the...
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Reps Target Increased Revenue Amid Escalating Crude Oil Theft Concerns
The Nigerian House of Representatives has announced plans to raise revenue targets for all revenue-generating Ministries, Departments, and Agencies (MDAs)...
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NUPRC to auction uncommitted gas fields
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed plans to initiate the auction of uncommitted gas fields in the...
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NIMASA responds swiftly to massive Oil Spill Detected on Egina FPSO Offshore
The Nigerian Maritime Administration and Safety Agency (NIMASA) issued a statement on Wednesday, confirming the incident and stating that it...
Read moreOil prices stall ahead of U.S. stocks data, potential OPEC+ cuts
Oil prices exhibited minimal movement in Asian trade on Wednesday as the market anticipated news on the supply front, including...
Read moreWeekly Economic Report: Nigeria’s Crude Oil Production Decline in October, Fitch Ratings Maintains “B-” IDR with Stable Outlook
The Nigerian Upstream Regulatory Commission (NUPRC) reports a 0.7% month-on-month decline in crude oil production, including condensates, for October, reaching...
Read moreOil rises ahead of Fed meeting as Middle East conflict persists
Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including...
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