Adebayo Obajemu The pump prices of diesel and kerosene in Nigeria have yet to reflect the collapse of global crude oil prices despite the deregulation of...
Nigeria’s Department of Petroleum Resources ordered oil and gas companies on Thursday to reduce their workforce and practice social distancing, tightening measures to stem the spread...
Oil soared after U.S. President Donald Trump said Saudi Arabia and Russia would make major output cuts, though uncertainty swirled over the volume of curbs and...
Adebayo Obajemu The PetroleumProducts Pricing and Regulatory Agency, PPRR, has late Wednesday effected a further reduction in the price of premium motor spirit from N125 to N123.50...
Earlier, SEPLAT published its FY-2019 earnings, recording a basic EPS from continuing operations of $0.46 vs $0.26 in 2018. The Energy giant posted a 6.5% y/y...
The discount on front-month Brent crude oil futures to later contracts increased to an 11 year high on Thursday, as the coronavirus pandemic continued to cause...
Oil dropped 11% on Friday, giving back early gains, even as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven...
By BUKOLA LONGE Nigeria’s 2020 budget estimate appears threatened as oil prices crashed below $50 on Friday, after the Organisation of Oil Exporting Countries (OPEC) failed...
Oil prices rose for a second day on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the...
