From July to December, overall production cuts will lower to 8 million barrels per day, followed by 6 million barrels per day from

Oil prices strengthened ahead of their settlement on Wednesday, buoyed by hopes that OPEC and its allies will strike a production cut

…organization meets in Vienna on Thursday Ben Eguzozie, with agency report As member-countries of the petroleum producers’ group, OPEC

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

The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and could

Oil prices plunged below $24 a barrel for the first time in almost 18 years after Saudi Arabia doubled down in its price war with

The federal government may have directed the reduction in the pump price of Premium Motor Spirit (PMS) from N145 per liter to about

With the international oil benchmark, Brent crude, falling below the $30 per barrel mark on Monday, the oil-dependent Nigerian economy

Nigeria’s economy may slide into another recession as the sudden crash in crude oil prices is set to wipe $8.63bn from the expected

Russian oil firms plan to raise their oil production from April and they are comfortable with the current oil prices and even lower,