Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases and California re-imposed some lockdown measures. This stoked worries a resurgence in COVID-19 cases will stall a recovery in…

The Nigerian Stock Exchange (NSE) All-Share Index rose 0.09 per cent on Wednesday's agreement by the Organization of Petroleum Exporting Countries (OPEC) to cut Oil output. The news led to price gainers in petroleum market such as Forte…

U.S. President Donald Trump has issued a stark warning to Iran, threatening to target the country’s oil wells, power plants, and key export facilities if Tehran fails to agree to a peace deal amid escalating tensions in the…

Central banks around the world are weighing their next policy moves as rising crude oil prices, driven by the escalating conflict between the United States and Iran, threaten to stoke inflation and complicate monetary policy decisions. Oil…

Finance ministers from the Group of Seven (G7) nations are scheduled to hold an urgent meeting on Monday to address the dramatic rise in global oil prices following intensified hostilities between the US, Israel, and Iran. The escalation…

The Nigerian National Petroleum Corporation (NNPC) yesterday said the global natural gas crisis, which has resulted in rising prices, could push up oil prices by as much as $10 a barrel over the next three to six months. Wholesale gas…

Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world's biggest fuel…

Prices of oil futures tumbled in the oil market on Tuesday. Brent crude closer to Nigeria’s Bonny Light dropped below $40 a barrel for the first time since June. US crude also plunged more than 8%. U.S. West Texas Intermediate…

Oil prices dipped on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build. Brent is heading for a two…

Nigeria’s crude oil export earnings declined by 14.41 per cent in 2025, falling to $31.54 billion from $36.85 billion recorded in 2024, according to the Central Bank of Nigeria (CBN). The apex bank attributed the decline to lower…