Nigeria’s Sept Oil Production Dropped By 1.74m Barrels – OPEC         Crude oil production in Nigeria dropped by 1.74 million barrels in September, figures from the just released oil market report of the Organisation of Petroleum Exporting Countries showed. In the OPEC report, dated October 13, the...

Crude Oil Price Rises By 6% To $41       The international oil benchmark, Brent crude, surged by six per cent on Monday after doctors said the United States President Donald Trump could soon be discharged from the hospital where he was being treated for COVID-19. The upturn...

Petrol Pump Price May Drop This Month - Marketers       The pump price of petrol may reduce marginally this month, going by the fall in global crude oil prices, oil marketers said on Sunday. According to them, since the cost of petrol has been largely determined by...

Traders Doubt OPEC Will Boost Output In 2021     The Organisation of the Petroleum Exporting Countries is unlikely to increase oil output as planned from January next year as it could mean adding more downside pressure to the already bearish and weak market, top traders have...

Oil Firms Spill 3,346 Barrels Of Crude Oil In Eight Months ― Investigation       Oil and gas companies operating in Niger Delta spilled 3,346.94 barrels of crude oil, an equivalent of 532,078 litres, in eight months, from January to August 2020, according to data obtained from...

Oil Rises Slightly To $40, Demand Concerns Persist       Crude oil prices on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand. The international oil...