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Oil steadies to trade higher after losses

Oil prices rose on Thursday, steadying after losses over the past two days from a surprise increase in U.S. crude inventories and renewed concerns...

Oil set for biggest weekly rise in a month as Iran...

The oil price rose on Thursday and was set for its largest weekly increase in a month, as the market prepared for potential disruption...

OPEC daily basket price drops to $66.05 per barrel

The price of Organisation of Petroleum Exporting Countries, OPEC basket of 14 crudes stood at $66.05 a barrel on Wednesday, compared with $66.80 the...

FG targets $15/barrel oil production cost

By Ayobami Adedinni The Federal Government is targeting a reduction in production cost, Minister of state for Petroleum Resources, Ibe Kachikwu, has said. Speaking in...

Oil to hit $80 within six months — Goldman Sachs

THE oil market has rebalanced as Brent will reach $82.50 a barrel within six months, Goldman Sachs, a leading global investment banking, securities and...

Nigeria not joining OPEC oil cap anytime soon

Indications are that Nigeria may not be joining the Organisation of the Petroleum Exporting Countries, OPEC’s oil output cap anytime soon as data obtained...

“The downstream sector has not performed optimally- Diran Fawibe,

Dr Diran Fawibe, Chairman/CEO of International Energy Services (IES) Ltd, in this interview speaks on the dwindling fortunes of the nation’s downstream sector, gas...

Oil rises above $68, highest since May 2015

Global oil benchmark, Brent crude, extended its gains on Tuesday, trading near $69 per barrel on the back of production cuts led by the...

Oil Rally Falters As Traders Seize Profits

… Trump seeks to open U.S. coastal areas to drilling After a strong start to 2018, oil prices fell back slightly on Friday morning. While geopolitical...

Nigeria’s Bonny Light crude oil hits $67.10 a barrel

The price of Nigeria’s Bonny Light crude oil reached $67.10 per barrel to emerge the highest priced product among members of Organisation of the...

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