Crude oil

Oil rebound eases concerns about devaluation of Nigeria’s naira

The rebound in oil prices has given Nigeria’s naira a reprieve, easing investors’ concern that a steep devaluation may be…

Oil up nearly 3% ahead of OPEC+ meeting and on easing lockdowns

Oil prices climbed about $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output…

Price crash: NNPC targets $10 oil production cost

The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of…

Petrol price may increase as Brent stabilises around $35/barrel

Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising…

OPEC to dominate oil markets for the foreseeable future — Goldman Sachs

OPEC will regain its position as a dominant force on international oil markets after the world emerges from the current…

NLNG signs $7bn train 7 contracts with Saipem, Chiyoda, Daewoo

Nigeria LNG Limited (NLNG) has signed the engineering, procurement and construction (EPC) contracts for its Train 7 Project with the…

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