Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented, making a slight recovery from big losses the previous day over doubts the agreed reductions would rebalance an oversupplied market.
According to Reuters, Brent crude futures, the...
Nigeria has recorded sustained increase in annual movement in external reserves and Oil Prices as inflation rate rose to 17.85 per cent in September this year against 17.61 per cent reported in August 2016.
The rate was the highest since 20 percent recorded in February...
The prices of crude oil in the international market rose by two per cent Wednesday after a surprise drop in crude stockpiles reported by the United States Government for a third week in a row.
Brent crude futures were up 1.8 per cent Wednesday to...
Vice-President Yemi Osinbajo says Nigeria has been losing one million barrels of crude oil daily in the last six months due to the activities of pipeline vandals.
Osinbajo, who is the head of President Muhammadu Buhari’s economic team, disclosed this while receiving a delegation of...
Oil prices jumped as much as 3 percent on Monday amid renewed speculation that OPEC would try to restrain output, easing oversupply worries that had sent the market to three-month low last week.
International benchmark Brent futures were trading at $45.41 per barrel at 12:46...
Nigeria was confronted with the prospect of double jeopardy monday, when Anglo-Dutch oil multinational, Shell, confirmed that suspected militants believed to be from the Niger Delta attacked its Trans Ramos Pipeline (TRP) in Delta State on Saturday night.
This came as concerns mounted over oil...
