Oil

Crude rose to a five-month high on Tuesday, as Washington’s decision to end sanctions waivers on Iranian oil imports buoyed oil markets for a second day. Brent, the international oil…

Oil prices climbed on Monday to their highest since November following reports that Washington will end sanctions waivers to countries that import Iranian crude. Mike Pompeo, US secretary…

Hedge funds are betting rising tensions around the globe will keep fueling oil’s rebound this year and they are singing the tune oil dependent nations like Nigeria to hear. Money managers…

The unethical and unprofessional practices currently being witnessed in the downstream sector of the oil and gas industry is about end if the plans rolled out by the Major Oil Marketers of…

Despite prevailing conservative agreement in the oil market, there are chances that oil price will jump to higher price level this year driven by race to comply with new marine fuel…

Nigeria's population of over 180 million people and oil reserves of 37 billion barrels, the largest in sub-Saharan Africa, should make it an attractive place for any oil and gas investor to…

Botswana and Gabon present Nigeria with two examples of how a country can either decide to deliberately leverage its natural resources to create shared prosperity for citizens or sit back…

The Asset Management Corporation of Nigeria (AMCON) has found buyers for one of the two rigs parked at the outer Marina in Lagos it seized from debtors, in an indication that local producers…

Organised Private Sector Exporters Association (OPEXA) has commended the Federal Government for making provision in its annual budget for Export Expansion Grant (EEG) but however decried the…

Even though Nigeria will benefit from oil rally in the short term, concerns are rising regarding what would become of the country as the world moves beyond oil as a major source of fuel for…