Saudi Arabia, the world’s largest crude oil exporter, has cut all official selling prices for its crude sales to Asian and the United States clients in August, signalling mounting competition for Nigeria and others. The country’s state-owned oil company, Saudi Aramco, lowered the pricing terms...

Nigeria, which recently lost its Africa’s top oil producer status to Angola on the back of huge decline in its output, stands a chance of losing some of its traditional buyers to rival producers such as Iran and Saudi Arabia, industry experts have said. Following...

By AUGUSTINE EHIKIOYA In a move to save the economy from collapse and shore up earnings from crude export, President Muhammadu Buhari is on a two-nation trip to Saudi Arabia and Qatar. His mission is to push for a rise in the price of oil...

President Muhammadu Buhari reaffirmed readiness of his administration on economic diversification, saying that Nigeria will work more closely with other countries confronted with challenges of oil revenue down sliding to evolve other revenue options than crude oil exports for economic survival. Speaking at the State...