Pressure mounts on Buhari to investigate, prosecute oil thieves
By Olivia Nnorom …as ex-diplomats, foreign ministers lend voice Pressure is mounting from many quarters on Nigeria’s President
Shell resumes crude oil export at Forcados Terminal
By Innocent Obasi Nigeria’s revenue from crude oil could increase shortly as Shell Petroleum Development Company
Nigeria’s oil production plunges 1.2mbpd in April – OPEC data
BY CHISOM NWATU Nigeria’s crude oil production lost 1.53 percent to an average of 1.219 million barrels per day (mbpd) in the month of
Nigeria, other African oil producers may lose market share as US floods European market
BY: Moses olajuwon Obajemu The United States has targeted European market by flooding it with its crude oil thereby threatening
Oil giant, Saudi Arabia, records $29bn deficit in Q2 as oil demand continues to fall
World oil-producing giant, Saudi Arabia, has recorded an oil revenue deficit of $29 billion for the second quarter of the year due to
Oil up on weaker dollar, high U.S. inventory
Oil prices rose on Thursday on the back of a weaker dollar, but gains were capped by concerns about rising U.S. oil inventories and a
Oil prices rise $1/bbl on virus vaccine hopes, EU stimulus deal
Outlook for oil demand looked positive on Tuesday, causing oil prices to rise about $1 a barrel on Tuesday, hitting the highest in
Oil prices fall as COVID-19 infections rise
Oil prices, on Monday, fell as coronavirus cases increase in many countries of the world. However, investors remained cautiously
Oil prices fall as demand outlook worsens in US
Oil prices fell early on Friday amid surging new coronavirus infections in the United States, which had market participants worried
Nigeria, other African oil exporters’ll lose $34bn – IMF
The International Monetary Fund (IMF) has projected that Nigeria and other African oil producing countries will lose an