Lukoil, the second-largest oil producer in Russia, plans to slash its crude oil production by 18 percent, or by 290,000 bpd, as part of the new...
Global oil production cuts could end up rising to 20 million bpd, including forced reduction of output such as already underway in the United States, the...
By UCHE CHRIS The situation in Nigeria seems to be going from bad to worse. Every day brings fresh challenges as new developments come fast and...
Nigeria’s troubled oil export, which has been the cause of all the revenue shortfall challenges in recent times may receive strong boost from unfolding events and...
By Adebayo Obajemu Oil dropped below $65 a barrel on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes...
Mr. Johnson Chukwu, Managing Director, Asset Management Company, an investment firm that manages several foreign and local portfolios. In this interview with FELIX OLOYEDE, he x-rays...
Oil prices fell more than 4% on Tuesday, even after OPEC and allies including Russia agreed to extend supply cuts until next March, as weak manufacturing...
Both Brent and U.S. crude fell to their lowest levels since October 2017 and were on course for their biggest one-month decline since late 2014. Although...
The Naira depreciated slightly by 0.05 per cent on Friday to N363.92 against the dollar from $/N363.74 the previous day at the Investors’ and Exporters’ Foreign...