Oil price

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Saudi Arabia, OPEC+ Members Cut Oil Output, To Affect Nigeria’s Fuel Landing Cost

The cost of subsidy on Premium Motor Spirit (PMS), also known as fuel, in Nigeria will rise in May should the country not remove it, as Saudi Arabia and some members of

Fakoyejo Olalekan

2 years ago

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

Business·Oil & Gas

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Despite Nigeria claiming the spot of the largest crude oil producer in Africa, it failed to meet its quota in January 2023, as agreed with members of Organisation of the Petroleum Exporting

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Crude Oil Falls Below $100, As American Firm Projects New Low

Brent crude oil fell on Wednesday below $100 after trading above the level since April last year. The depreciation in its price was driven by projected global recession in light of soaring

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

Nigeria spent N947.51 billion on petrol subsidy within the first four months of this year, as rising crude oil price eats into the revenue generation of the country, surging by 55.7%, to

Fakoyejo Olalekan

3 years ago

Business·Oil & Gas

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

Crude oil price opened trading on Monday at a loss, falling -0.72%, but it level is still a problem to the Nigerian government, which has been unable to profit from the 52%

Fakoyejo Olalekan

3 years ago

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Oil & Gas

Oil Price Falls To $70 A Barrel Amid Surge In Omicron Variant

Crude oil prices on Monday fell by 4 per cent over rising cases of the Omicron coronavirus variant in Europe and the United States. Brent crude futures, the global benchmark, dropped by

PBA Reporter

3 years ago

Oil & Gas·Top Stories

Oil Price Rises Above $81, Highest In 3 Years

OIL prices jumped above $81 on Monday, the highest in three years.

Victor Ezeja

3 years ago

Oil Price Falls To $72.39 As OPEC Expands Production

Oil prices witnessed a sharp fall on Monday after members and allies of the Organisation of Petroleum Exporting Countries agreed to boost output. Brent, the crude against which Nigeria’s oil is priced,

Editor

3 years ago

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Saudi Arabia, OPEC+ Members Cut Oil Output, To Affect Nigeria’s Fuel Landing Cost

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Crude Oil Falls Below $100, As American Firm Projects New Low

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

Oil Price Falls To $70 A Barrel Amid Surge In Omicron Variant

Oil Price Rises Above $81, Highest In 3 Years

Oil Price Falls To $72.39 As OPEC Expands Production

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