Crude oil

U.S. emerges fastest growing crude oil producer

The U.S has emerged as the fastest growing crude oil producing region. This is according to the latest data published…

Kenya concludes first crude oil export

Kenya, one of the most prominent countries in East Africa, has successfully concluded it's first export of crude oil. The…

Oil rises as U.S. crude stocks fall, market awaits U.S. Fed rate cut

Oil prices rose for a fifth day on Wednesday, supported by a larger-than-expected drop in U.S. inventories and investor expectations…

NNPC vows to promptly remit crude sales funds to federation account

The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to the prompt payment of proceeds from its operations to…

Nigeria, Angola, Brazil to contribute 62% global FPSO crude production by 2025

By Samson Echenim Brazil, Angola and Nigeria are expected to contribute around 62 percent of global crude production capacity through…

Oil hits six-week high on Gulf of Mexico storm, Iran tensions

Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of…

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