According to a new report by the Organisation of Petroleum Exporting Countries, Nigeria’s crude oil reserves fell by 481 million barrels to 36.972 billion barrels in...
Recent developments in the global oil market have indicated that there may be a repeat of the oil price burst of 2014.
Oil prices continued its bullish run as Brent crude futures spiked to a six-month high of $74.36 per barrel in the early hours of today
OPEC and its allies are scheduled to meet in June to set policy, but progress is clouded with uncertainties as cracks are reportedly emerging in the...
Nigeria has defaulted in the agreement reached by the Organization Petroleum Exporting Country (OPEC) to cut crude oil production.
The Federal Government revealed yesterday that Nigeria and other oil and gas producing countries in Africa, under the umbrella of African Petroleum Producers Organisation (APPO), are...
The Nigerian crude struggled to find buyers as close to 20 cargoes left unsold.
