TOTAL led 30 Gainers as against 11 Losers topped by CUTIX at the end of today's session.
OPEC+ agreed in April to reduce output by an unprecedented 9.7 million barrels per day in May and June after the deadly COVID-19 pandemic weakened demand.
The recovery of crude oil prices from last month’s unprecedented crash seems to be moving swiftly, as more countries ease their coronavirus lockdowns and output cuts...
Currency traders are expecting the naira to fall slightly today, due to the maturing $1.52 billion April 29 contract.
Nigeria has been unable to find ways to cut oil production, as part of the OPEC+ deal signed weeks ago. This has led to the postponement...
Oil prices dropped today, based on signals that global oil storage ability is getting filled up, oil production cuts will not meet up.
Nigeria’s local oil players are having it rough based on falling crude oil prices, with recent prices lower than local production
Oil prices, particularly WTI, crashed below $0 during on Monday for the first time ever sending shock waves across the world.
Nigeria does not have any crude oil hedging programme in place. Instead, it sells its crude oil on spot prices. This has caused Nigeria to become...
The International Energy Agency (IEA) in its latest forecast, expects Brent oil price to average US$33 this year.
