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SAUDI ARABIA
Saudi Arabia, on Thursday, cut the prices of all its crude grades loading for Asia in February to the lowest level to regional benchmarks
Nigeria is struggling to increase its proven reserves due to falling investment in prospecting and exploration activities amidst other factors
OPEC's leading oil producer, Saudi Arabia, says the recent oil price decline is driven by poor futures market liquidity and macro-economic fears.
Crude oil prices rose further after Saudi Arabia expressed its confidence in demand by raising the price of its crude for Asia by more than expected.
Crude oil started the week on a bullish note as the Brent pushed above $120 a barrel after Saudi Arabia hiked prices for its crude sales in July...
Saudi Arabia has warned that it will not incur responsibility regarding any shortage of oil supply as its oil facilities are attacked by Houthi terrorists.
The Minister of State for Health, Dr Olorunnimbe Mamora, has said that the Federal Government’s plan to place...
Despite the rising oil prices, however, the impact is yet to be seen in the level of the country’s reserves.
Oil started the day bearish, falling for a third consecutive session. Investors continue to speculate on the ongoing...
The standoff between OPEC+ members has significant implications for the price of oil and the global economy.
Prince Abdulaziz bin Salman has stated that Saudi Arabia is no longer an oil-producing country, but now an energy-producing country.
The Saudi Crown Prince, Mohammed bin Salman, has revealed that Saudi Arabia is in discussions to sell a 1% stake of Saudi Aramco to a leading global energy company.