Crude Oil

Somalia will announce the deadline to bid for its first crude oil offshore licensing round "soon" after receiving interest from international companies to start exploration drilling in the…

Nigeria is struggling to attract investment into its energy sector, while Libya, a country that recently emerged from a decade of conflict, is getting serious attention from some of the…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that it has reached a production partnership agreement with the management of OPAC Refineries to supply…

Most Nigerians of the present era seem to know nothing other than crude oil economy with Nigeria fetching almost two million barrels per day, plus plenty gas and petrochemicals. Yet, those…

Nigeria continues to miss the full benefits from the sharp rise in the price of oil as ruptures on critical pipelines caused by crude oil thieves in the Niger Delta has meant a failure to…

Nigeria’s external reserves owe much of its growth to the development at the international crude oil market. Other sources of impact in external reserves include foreign remittances and…

Clive Humby, a British mathematician, who doubles as Tesco marketing mastermind brought about the mantra, “Data is the new Oil”. This has been argued as some individuals have modified the…

Brent oil topped $80 a barrel for first time in three years amid signs that demand is running ahead of supply, depleting inventories amid a global energy crunch. The leading crude…

Oil prices rose about 1% on Wednesday, extending overnight gains, after industry data showed US crude stocks fell more than expected last week in the wake of two hurricanes, highlighting…

Oil prices are rising again Tuesday, the third consecutive daily surge as investors tracked another hurricane menacing the US Gulf of Mexico just weeks after Ida hammered local production.…