Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising concerns of a

OPEC will regain its position as a dominant force on international oil markets after the world emerges from the current crisis,

Nigeria LNG Limited (NLNG) has signed the engineering, procurement and construction (EPC) contracts for its Train 7 Project with the

By The April 20 historic oil price crash that sent the prompt May WTI contract plunging to the unheard of price

African oil producing nations will experience a financial boost following global oil production slash that sees total world production

Timipre Sylva, the minister of state for petroleum resources, on Monday pledged Nigeria’s readiness for the deliberations on output

The federal overnment on Tuesday night reduced the price of petrol from N125/litre to N123.5/litre. Current petrol price indicates a

The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel. This

The number of oil and gas rigs in the US fell again this week by 44, falling to 728, with the total oil and gas rigs clocking in at

By Omobayo Azeez Seplat Petroleum Development Company Plc recorded 13.4 per cent uptick in profit before deferred taxes to $270m for