The American headline, West Texas Intermediate (WTI) crude, went up by about 32%, selling for $16.33 per barrel by Wednesday afternoon as reports emerged that US...
The crisis in the global oil market seems to be hitting Nigeria harder, and to make matters worse, it has become more difficult to sell the...
US oil prices fell heavily on Monday and slipped below $15 a barrel on renewed storage concerns as the coronavirus throttles demand, even as producers start...
Nigerian crude producers are having a rough time due to the sliding crude oil prices, as they have started counting their losses. Top leaders at many...
Nigeria is swimming in trouble waters as its Brent crude prices plunged to negative territory as traders sold off their positions to avoid storage costs associated...
Former Vice President Atiku Abubakar has advocated developing strategic oil reserve in Nigeria to take care of the economic hazards and financial losses to the country during periods of...
A Policy analyst and social entrepreneur, Patrick O. Okigbo III, says with Nigeria’s crude trading at about $11, many states government will become insolvent if adequate...
The U.S. crude futures plunged more than 85% on Monday to the lowest price on record as storage space for U.S. crude was filling up and...
There appears to be no respite in sight for oil producers, as the volatility and continuous price slump in the global oil market continue. Investigations have...
Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has directed its members to shut operations and all activities at the nation’s oil rigs and...