Crude oil

Oil trader owes $9 million after starting the day with $77,000

By Zerohedge.com The April 20 historic oil price crash that sent the prompt May WTI contract plunging to the unheard…

Financial boost beckons on African oil producers after OPEC+ slashes production by 23.7mbpd

African oil producing nations will experience a financial boost following global oil production slash that sees total world production down…

Nigeria ready for OPEC talks, says Sylva

Timipre Sylva, the minister of state for petroleum resources, on Monday pledged Nigeria’s readiness for the deliberations on output cut…

FG reduces petrol price to N123.5 per litre

The federal overnment on Tuesday night reduced the price of petrol from N125/litre to N123.5/litre. Current petrol price indicates a…

Oil price plunges to $22, lowest in 18 years

The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22…

Rig count crashes most in 4 years as oil shock rocks US shale

The number of oil and gas rigs in the US fell again this week by 44, falling to 728, with…

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