As the prices of crude oil continue to drop, coupled with glut of oil in the global oil market, the…
A new commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its…
Oil headed for a third weekly drop as rising supplies from the U.S. and Nigeria showed that OPEC is still…
Oil prices gained further Tuesday, boosting energy companies’ shares, after Russia and Saudi Arabia indicated they could extend an output…
OPEC said Thursday that oil producers needed to make more joint efforts to match supply and demand in the oil…
The Federation Account Allocation Committee (FAAC) on Tuesday shared N467.8 billion, N38.7 billion more than what the three tiers of…
About 51 Oil Prospecting Licences (OPL) and Oil Mining Lease (OML) of different oil blocks have expired between 2010 and…
Nigeria is worst off, needing an oil price of $139 a barrel to balance its budget, Fitch said in a…
Oil rose to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and…
The Minister of State for Petroleum, Ibe Kachikwu, on Friday said Nigeria is losing at least $80 billion annually to…
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