After positive signs of improving crude prices, hopes faded again on Tuesday, as prices dipped further below $40 per barrel. The further fall in prices may...
Minister of Petroleum, Dr. Ibe Kachikwu said Tuesday that Nigeria is taking the lead in a global effort aimed at freezing the level of oil production....
The price of Brent crude, on Monday, rose to hit a 2016 high of $40 per barrel. It was the sixth rise in consecutive trading days...
There seems to be a general optimism, though cautious, over Friday’s upsurge in the prices of crude in the international market. After selling below the $30...
Prices of crude in the international market made a dramatic increase on Friday, reaching a two-month high, as the Brent North Sea crude reached $38.72 a...
Having concluded the lesser Hajj to round off his visit to Saudi Arabia, President Muhammadu Buhari on Saturday left that country for Qatar, to attend the...
Ahead of a widely-anticipated U.S. interest rate increase next week and worries over economic growth, the naira yesterday sank to N260 to a dollar at the...
Secretary General of the Organisation of Petroleum Exporting Countries (OPEC) Abdalla El-Badri says there are a number of uncertainties and challenges facing the industry, and called...
Contrary to the expectations that the Organisation of Petroleum Exporting Countries (OPEC) will reduce the flow of crude oil to the global market to reduce the...
In his book, “One Hundred Million Dollars in One Day”, Michael Field narrated an incident that happened at the Organisation of Petroleum Exporting Countries (OPEC) meeting...