Oil prices

As global oil prices continue to soar closer to $90, Nigerian energy companies are recording improved free cash flow and taking advantage of stronger energy prices to attract new investors…

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 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…

Nigeria is struggling to swing the current rally in oil prices in its favour due to the inability to attract investments for active exploration and perennial operational issues that have…

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 climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world's largest oil consumer, and on expectations…

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.…

There is a growing concern that the political turmoil in strategically-located Afghanistan could impact global crude oil prices, a development that a make or mar the economic outlook of…

Oil prices fell Thursday to their lowest level in about three months after the U.S. dollar strengthened on concern that the global economic recovery might slow down and the Federal Reserve’s…

There is yet brighter prospects for Nigeria’s fiscal position as oil closed higher Thursday amid expectations that recovering demand from the U.S. to India and Europe will further tighten…