Oil and Gas
Brent crude futures edge closer to $80 per barrel on tight market
Oil prices firmed on Thursday, with Brent crude creeping ever closer to $80 per barrel, a level it has not…
Petrol price crashes by 15% in February
The average price paid by consumers for petrol in Nigeria decreased by 15.1 percent year-on-year and – 9.6 percent month-on-month…
UAE oil minister sees no supply issue as a result of Iran sanctions
OPEC has enough spare production capacity to cushion oil markets as the U.S. re-imposes sanctions on Iran, according to United…
OPEC revises global oil demand forecast to 1.65mbpd amid rising prices
OPEC has revised its forecast for global oil demand growth this year, noting that sanctions, tariffs, and the U.S. withdrawal…
Nigeria’s state oil firm issues crude oil contracts expected to last for two years
Nigeria's state oil company, Nigerian National Petroleum Corporation (NNPC), has issued crude export contracts that are expected to last two…
Global oil price may hit $100 per barrel next year on disruptions of production, export in Venezuela, Iran
The collapsing oil production in Venezuela and potential export disruptions in Iran could push the price of Brent crude as…
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