Global oil benchmark, Brent crude, recouped some of the losses it recorded in recent days and traded above the $50 per barrel mark. Oil prices were bolstered by the biggest one-week drop in the United States’ inventories so far this year, and after Iraq and...

Global oil benchmark, Brent, jumped to a one-year high on Monday, after Russia said it was ready to join the Organisation of Petroleum Exporting Countries in curbing crude output. The oil price has risen from $45 on September 28 when OPEC decided to cut output...

Global oil benchmark, Brent crude, extended its rally on Sunday to hit the $50 per barrel mark, the third time this year. This comes as the expected return of the Forcados export terminal has helped to boost Nigeria’s planned crude oil exports this month to...

Global oil benchmark, Brent crude, hit an eight-week high yesterday as the world’s biggest producers prepared to discuss a possible freeze in production levels. Brent, against which half of the world’s oil is priced, rose by $0.84 to $50.69 per barrel as of 7:58pm Nigerian...

...Projects N7.418tr federal revenue ...Naira falls to N313/$ at inter-bank market For the next fiscal year, the executive arm of government has proposed a crude oil benchmark price of $42.5 per barrel, up from the $30 in the 2016’s budget. An estimated N7.775 trillion is expected as...

Oil prices edged down slightly today but held around 11-month highs thanks to a weaker dollar and forecasts for another drop in US inventories. The commodity has rebounded about 90 percent from near 13-year lows touched at the start of the year as worries over...