- Tuesday, June 30, 2026
BusinessDay
Oil price has fallen by almost 50 percent since June 2014 from around $115 a barrel to less than $60...
For years, Organisation of Petroleum Exporting Countries (OPEC) pulled the strings set the price of oil and controlled the supply....
Oil’s slump has almost doubled the value of India’s big, state-owned refiners, outpacing the rest of the industry from China...
Oil producers outside of OPEC should cut output with excess supplies harming the market, the United Arab Emirates energy minister...
A total of $22 billion will be lost by Nigeria in the form of tax holiday and divestment tax forfeitures...
Global crude prices fell more than $1 a barrel on Thursday, retreating from a short-covering charged rally as traders bet...
The Petroleum Products Pricing Regulatory Agency (PPPRA) has directed petroleum marketers to sell products from all pumps at their respective...
Brent crude settled at sub-$62 per barrel – the lowest level since 2009, as investors increased their short positions in...
The Nigerian National Petroleum Corporation’s (NNPC) monthly petroleum information reveals that the nine marginal fields produced 12. 43 million barrels...
Global demand for OPEC crude in 2015 will be less than expected and far below its current output, the group...
Falling oil prices have triggered a wave of cutbacks and scenarios in the industry. International Energy Agency again cut its...
ConocoPhillips said its 2015 capital budget would be 20 percent, or about $3 billion, lower than this year’s, the biggest...
In a surprise move, Norway’s central bank has cut its key lending rate as it frets over the impact of...
Minister of Petroleum, Dieziani Alison-Madueke, was on Tuesday appointed the President of the Gas Exporting Countries Forum (GECF) at the 16th...
To stop the ongoing indefinite strike by oil workers from dragging and taking a toll on the economy and Nigerians,...