Crude oil

Oil rises above $52 as Saudi, Russia back further output cut

Saudi Arabia and Russia, the world’s top two oil producers, agreed on Monday on the…

Lawmaker Warns Against Provocative Comments On Niger Delta, Crude Oil

By Jamiu Yisa The chairman of the Lagos State House of Assembly Committee on Public…

Selling crude oil not best world practice — NNPC GMD

Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has said that selling…

OPEC nightmare: US shale oil producers vow return if prices hit $40

Is a $50 oil possible this year? Not likely suggests this insightful piece by Reuters,…

OPEC, Russia seek deal to curb crude oil glut

OPEC is renewing efforts among members and producers from outside the group for a deal…

I'll diversify economy from oil to agriculture, mining – Buhari

Nigeria's president-elect, General Muhammadu Buhari, on Sunday in Abuja said he would shift attention from…

As world’s hottest economy unravels, Nigerians feel the squeeze

By Gavin Serkin and Chris Kay (Bloomberg) In a four-day sweep through Nigeria early last…

Saudi’s oil war is paying off

Three months after Saudi Arabia made clear it was going to let oil prices keep…

Get ready Nigeria: Oil price may fall to $10

Nigeria may be in for tougher economic times as Bloomberg’s Gary Shilling has painted a…

Ogoni Again: Trouble Over Oil

Okafor Ofiebor/Port Harcourt There is fury over plans to resume oil exploration in Ogoniland 20…