Oil prices edged higher on Wednesday as investors awaited the latest US supply report for clues about demand in the world’s biggest crude consumer. The US benchmark, West Texas Intermediate for delivery in July, gained 63 cents to $103.29 a barrel.…
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The energy-rich Gulf states agreed Wednesday to resolve hurdles obstructing implementation of a long-delayed customs union, particularly revenue sharing, Kuwait’s finance minister said. Leaders of the six-nation Gulf Cooperation Council have set January…
Global oil prices advanced on Tuesday on renewed Ukraine tensions after pro-Russian protesters seized government buildings in the eastern city of Donetsk. New York’s West Texas Intermediate (WTI) for delivery in May won 77 cents to $101.21 per barrel…
The Federal Government and the Republic of Namibia have proposed to construct a joint oil refinery to maximise cooperation in…
Oil prices diverged Monday as dealers digested news that Chinese manufacturing activity shrank in March to an eight-month low, stoking demand concerns in the world’s biggest energy consuming nation. In late afternoon deals, Brent North Sea crude for…
Global oil demand will rise faster than expected as the world economic outlook improves, the International Energy Agency said Friday, warning that the crisis in Ukraine can still drag down overall consumption. The latest demand estimate of 92.7 million…
The Attorney General of the Federation and Minister of Justice, Mohammed Bello Adoke, has said that the Nigerian National Petroleum…
Newly married Tiwa Savage has signed another multi-million naira endorsement deal months after being made a brand ambassador for MTN.…
Oil marketers, yesterday, warned of an impending scarcity of fuel in the country from Friday, as Major Oil Marketers Association…
Oil prices fell on Monday as China’s economic growth data fuelled concerns over energy demand in the world’s second largest economy, traders said. New York’s main contract, West Texas Intermediate (WTI) for delivery in February, dropped 67 cents to $…