Oil Prices Jump By 4% After Reports On Coronavirus Drug   Oil prices jumped by four per cent on Wednesday on media reports that scientists had developed a drug against the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil...

Nigeria’s Daily Oil Production Decreases To 1.57m Barrels   Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day last month, the Organisation of Petroleum Exporting Countries has said. The producer group said in its monthly oil market report published on Wednesday...

In 11 Months, FG Earned N5.04trn From Oil – CBN   Between January and November last year, the Federal Government made about N5.04tn from the sale of oil, figures obtained from the Central Bank of Nigeria have revealed. The oil revenue, according to the CBN economic report...

Iraqi Oil Facilities Secure, Production Continuing – OPEC   Iraqi oil facilities are secured and the country’s production is continuing, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo said on Wednesday. “It’s a big relief that the facilities continue to be secured...

Oil Rises Above $70 Amid US-Iran Rift   Oil prices surpassed $70 per barrel on Monday for the first time in more than three months as the United States warned of increased threats to energy facilities in the Middle East after the assassination of an Iranian...

Nigeria Faces Crude Production Decline As Oil Price Rises   The international oil benchmark, Brent crude, rose slightly on Thursday on the back of improving trade relations between the United States and China as well as rising tensions in the Middle East. Brent, against which Nigeria’s oil...