Oil

OPEC+ achieves 95 percent compliance with oil cuts in July-Report

BY: Moses olajuwon Obajemu Compliance with OPEC+ oil output cuts stood at 95 percent and rose to 97% in July,…

Oil slides below $45 as supply rises

BY: Moses olajuwon Obajemu Oil edged further below $45 a barrel on Friday, giving up some of this week’s gain,…

New fuel price band signals Nigeria’s gradual exit from subsidy regime

After decades of an opaque, flawed and corruption-laden petrol subsidy regime, a new pump price band advised by the Petroleum…

FG bars debtors from bidding for oil fields

Companies, including their promoters, indebted to the federal government will not be allowed to participate in the newly launched bid…

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 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…

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