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Oil Price Pushes Towards $130 Amid Embargo Concerns On Russian Oil

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Oil prices sharply increased on Monday on concerns of a pos­sible embargo on Russian oil, which if imposed would limit global supply in an...

‘Return Of Fuel Subsidies Disturbing’ – IMF Tells FG

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President Muhammadu Buhari has been called out by the International Monetary Fund over the government's continued payment of fuel subsidy it said it had...

Foreign reserves rise to $34.85b on ‘Naira for Dollar’ policy

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The ‘Naira for Dollar’ policy of the Central Bank of Nigeria (CBN) has led to positive accretion to the foreign reserves exactly one month...

Oil Price Hits $71.28 Per Barrel

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A report by SaharaReporters has shown that, for the first time in 2021, oil price has risen to $71.28 per barrel in the international...

Ahmed Zaki Yamani, Who Helped Lead 1973 Oil Embargo, Dies

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Sheikh Ahmed Zaki Yamani, the former Saudi Arabian energy minister who helped direct the 1973 oil embargo and was later kidnapped by Carlos the...

Oil Price Rises Above $57, Highest In 12 Months

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The international oil benchmark, Brent crude, rose more than two per cent on Tuesday, hitting a 12-month high after major crude producers showed they...

Nigeria’s Nine-month Oil Export Earnings Drop By $1.24bn

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The total revenue generated by Nigeria from crude oil and gas exports from January to September 2020 tumbled by $1.24bn, compared to the same...

Nigeria’s daily oil production sinks to 1.17 million barrels

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Crude oil production in Nigeria tumbled by 155,000 barrels to a record low in December amid the production cuts by the Organisation of the...

NPDC, Largest Gas Supplier To Domestic Market – MD

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The Managing Director of the Nigerian Petroleum Development Company (NPDC), Mr Mansur Sambo, says the company is the largest supplier of the domestic gas...

Oil Sector’ll Face Prolonged Reduced Demand – Fed Govt

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The oil and gas sector is going to face a substantially reduced demand for a prolonged period as its recovery is not likely any...

Oil Marketers Refuse To Obey N5 Reduction In Petrol Price

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Oil marketers, on Monday, failed to adjust the pump prices of Premium Motor Spirit (petrol) at their filling stations to reflect the N5 reduction...

Oil prices are collapsing after Saudi Arabia sends ominous signal

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Demand fears are once again rippling through the oil patch. US oil prices plummeted 9% Tuesday, their worst day since mid-May. Oil dropped to a...

Oil drops as demand risk rises, U.S. stockpiles fall less than...

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Tokyo -Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged as...

Oil ticks up, but gains capped by demand destruction

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Singapore - Oil prices ticked higher on Thursday, although gains were limited by a surprise increase in U.S. crude oil reserves as the...

COVID-19: FG revenues dip by over 40%, says Osinbajo

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Vice-President Yemi Osinbajo on Tuesday said the nation’s revenues dropped by over 40 per cent due to the lockdown occasioned by the COVID-19 pandemic. He...

Amidst COVID-19, NSE, Best among Equals

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James Emejo Abuja (Sundiata Post) - The outbreak and spread of the coronavirus (COVID-19) has severely impacted the world economy with many industries suffering...

Oil prices fall as U.S. fuel demand remains weak

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Singapore - Oil prices edged lower on Friday after the U.S. inventory data showed lacklustre fuel demand in the world’s largest...

Oil prices climb as U.S. stock drawdown eases supply glut fears

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Tokyo - Oil prices advanced on Thursday as a drawdown of the U.S. crude inventories and output cuts by major producers helped...

Oil Prices Jump As Key America’s Supply Data Stuns Again; Output...

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Oil prices surged after U.S. stockpile data Wednesday showed another surprise weekly decline as coronavirus lockdown restrictions continue to ease across the country. The Energy...

Oil Falls As Fears Of Second Coronavirus Wave Take Hold

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According to PREMIUM TIMES, oil prices fell on Wednesday as potential OPEC+ plans to deepen supply cuts were overshadowed by demand concerns exacerbated by...