COVID-19: Oil Prices Rise As Countries Ease Lockdown     Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs and as top producers slash output. US benchmark West Texas Intermediate for June delivery was up 7.26 per...

Nigeria Cuts Oil Exports To Meet OPEC Deal     Nigeria has revised down its crude oil export programme for May and June to align itself with a global production cut deal led by the Organisation of Petroleum Exporting Countries, loading programmes showed. OPEC and its allies agreed...

US Oil Slips Below $15 Per Barrel   US oil prices fell heavily on Monday and slipped below $15 a barrel on renewed storage concerns as the coronavirus throttles demand, even as producers start slashing output to boost markets. American benchmark West Texas Intermediate dropped 15 percent...

Nigeria, Others Turn To SWF Savings To Mitigate Oil Price Slump   Nigeria, Norway, Iran and other oil-producing countries have resorted to drawing down on savings in their sovereign wealth funds (SWFs) to help mitigate the impact of the global slump in crude prices largely induced...

NNPC Earns $5.18bn from Oil, Gas Export   The Nigerian National Petroleum Corporation (NNPC) said Wednesday that the country exported oil and gas worth about $5.18 billion from January 2019 to January 2020. Nigeria also recorded crude oil and gas export sales revenue of $434.85 million in...

OPEC Daily Basket Price Stands At $14.63 Per Barrel   The Organisation of the Petroleum Exporting Countries (OPEC) daily basket price stood at 14.63 U.S. dollars a barrel on Tuesday, compared with 14.19 dollars on Monday. This is according to OPEC Secretariat calculations released on Wednesday. Also known...