Oil price

The current high global crude oil price suggests a window of advantage for oil-producing states to make as much revenue from oil exports. This inflow, if properly utilised, can help augment…

Oil price is rising Wednesday, the day after the unprecedented move by the US and its allies to mount a coordinated release of strategic reserves to expand supply and hold the price of oil…

The federal government of Nigeria is mulling plans to replace the controversial petrol subsidy scheme with an N5,000 monthly transportation grant to the poorest Nigerians. According to…

Oil prices rose around 1% on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise supply and instead maintained plans for a gradual return of output halted…

Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world as…

Oil has risen to the highest since 2014 with Brent topping $80.75 a barrel as an OPEC+ panel recommended proceeding with gradual supply hikes amid a rapidly tightening market. Futures…

Oil rallied at the start of the week’s trading on Monday amidst signs that the crude market is tightening under the weight of a global energy crunch. Brent, the international benchmark…

Oil is poised for a fifth weekly gain in a market tightened by a global energy crunch that’s set to increase demand for crude. Futures in New York held above $73 a barrel, while global…

Oil prices rose further Thursday, but cash strapped Nigeria is again facing the curious dilemma arising from its failure to pump out enough crude to meet the country’s OPEC. Thursday’s…

Nigeria and some of the biggest oil-producing countries face an emerging hurdle as President Joe Biden’s administration campaigns both home and abroad to address concerns about rising crude…