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Oil slides as markets react to Trump’s Iran ceasefire extension move
Global oil prices and equity markets slipped on Wednesday as investors weighed the uncertain…
US renews waiver for Russian oil purchases amid energy market strain
The administration of Donald Trump on Friday reinstated a temporary waiver permitting countries to…
Oil prices jump above $101 despite massive IEA reserve release plan
Global oil prices climbed above $101 per barrel on Thursday even after the International…
US issues broad license to boost oil, gas activity in Venezuela
The United States Treasury Department on Tuesday granted a general license aimed at supporting…
Nigeria now sells more than it buys, says Tinubu
President Bola Ahmed Tinubu has announced that Nigeria has recorded a trade surplus for…
Nigeria supplies over 70% of South Africa’s oil – Commissioner
South Africa imports more than 70 percent of its oil from Nigeria, according to…
Global oil prices rise after Israel strikes Iran
Global oil prices went up sharply on Friday after Israel confirmed it had carried…
Oil prices rise as Russia hints at OPEC+ policy reversal
Oil prices increased on Friday following comments by Russia's Deputy Prime Minister, Alexander Novak,…
NNPC, FIRST E&P discover major oil, gas reserves in N’Delta
The Nigerian National Petroleum Company Limited and FIRST Exploration & Petroleum Development Company Limited…
Navy seizes 1,400 litres of illegally refined oil in Ondo
The Nigerian Navy has intercepted a boat carrying 1,400 litres of illegally refined oil…
Why Kenyan govt ‘betrayed’ Nnamdi Kanu – IPOB
The Indigenous People of Biafra (IPOB) has revealed the reason the Kenyan government connived…
Oil prices rise on OPEC+ output cuts
Oil prices extended gains on Thursday as the OPEC+ alliance of major producers stuck…
FAAC: Oil producing states receive N31.902bn as FG, States, LGCs share N604bn in October
Mr Aliyu Ahmed, the Permanent Secretary, Ministry of Finance, Budget and National Planning on…
Buhari to send oil reform bill to Senate
President Muhammadu Buhari has signed a long-awaited oil-reform bill and it will be formally…
Oil down after U.S. crude inventories rise against expectations
Oil prices fell on Wednesday after an industry group reported a surprise rise in…