Oil futures gained on Monday as traders weighed conflicting reports on how quickly Saudi Arabia will be able to restore its lost production. Futures rose 1%...
Oil prices dropped sharply on Tuesday after Saudi Arabia’s energy minister said the kingdom has fully restored its oil production after having been hit by an...
OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted...
Oil prices rose more than 4% on Wednesday, boosted by a wider market pickup on positive news from China, after three days of losses due to...
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said that it had recorded a total of 45,347 pipeline breaks on its downstream network between 2001 and...
Oil prices fell on Tuesday, with U.S. crude futures down 2% after manufacturing data raised concerns about a weakening global economy, while the U.S.-China trade dispute...
Mr Roland Ewubare, Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC), says the redeployment in the corporation’s upstream subsidiary is in line with efforts to...
Brent oil rose on Thursday, withstanding pressure from concerns about economic growth, while a sharp fall in U.S. inventories boosted West Texas Intermediate (WTI) crude futures....
Oil prices fell 1% on Monday on the outlook for increased supply of Iranian crude after France’s president lifted hopes for a deal between Washington and...