Oil prices

The rising oil prices might have a negative impact on Nigeria's revenues, according to Shubham Chaudhuri, the World Bank’s country director for Nigeria. “Ironically, Nigeria is at a point…

Global benchmark Brent crude has gained more than 25percennt t0 $88 in January. Some in the market now think it’s now a question of when -- not if -- oil hits triple digits above $100,…

Crude oil prices have been forecasted to fall from 2021 levels on the back of a shift from global petroleum inventory declines during 2021 to inventory increases in the current year and…

The Lagos Chamber of Commerce and Industry (LCCI) has said that the omicron variant of the COVID-19 pandemic may dip global oil prices in 2022. LCCI president, Michael Olawale-Cole made…

Surging cases of Omicron variant of COVID-19 in Europe and the United States have crashed the price of Brent, the benchmark for Nigeria’s crude by $73. This development has fuelled…

Oil prices dropped on Wednesday after US petrol stocks fell more than expected last week, which could heighten pressure on Biden's administration to release oil from emergency reserves to…

Nigeria and most other members of the oil cartel, OPEC+ would faces challenges to quickly pump more oil if a decision was taken to do so, according to the Managing Director of the Nigerian…

Some of the world’s biggest investment and energy intelligence firms are turning bullish on oil in the medium to long term as analysts bet crude supplies would not keep pace with fast-rising…

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…