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Crude oil prices surged on May 12, 2025 after the US and China agreed to slash tariffs, easing trade tensions between the world’s two largest petroleum...
Nigeria’s crude oil production climbed to a two-month high in April 2025, signalling modest recovery efforts in Africa’s largest oil producer. The crude oil production surge...
ExxonMobil announced plans to invest $1.5 billion to further develop Nigeria’s USAN deepwater oil field. The energy giant declared this during a meeting on May 6...
Crude oil prices fell on May 5, 2025, as an OPEC+ decision to expedite its output hikes stoked fears about rising global supply at a time...
Saudi Aramco has increased its official selling prices for crude oil destined for Asia in June. The hike ends Aramco’s two-month streak of price cuts. The...
Nigerian crude oil prices, on April 5, fell below the federal government’s benchmark of $65 per barrel. The drop follows OPEC+’s surprise move to increase oil...
NNPC GCEO, Bayo Bashir, sacked the managing directors (MDs) of its three refineries. The refineries include the Port Harcourt Refining Company, Warri Refining and Petrochemical Company,...
Asian and Mediterranean countries have become the leading destinations for Nigeria’s crude oil exports as of April 2025. This situation has frustrated local refiners, who feel...
Crude oil prices fell on April 30, 2025, posting their largest monthly drop almost three and a half years after Saudi Arabia signalled a move toward...
Crude oil prices, on April 29, 2025, fell about 2% to a two-week low as investors braced for OPEC+ to boost output and worried US President...
