The average price of ICE Brent crude oil in Q1/ 2025 was US$74.97/BBL, slightly higher than $74.01/BBL in the fourth quarter of 2024. The increase followed US sanctions imposed on major Russian energy ...

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has called on the Nigerian National Petroleum Company Limited (NNPCL) to boost oil production significantly by the end of the ...

The U.S. Geological Survey released a report on Wednesday that outlined the potential for undiscovered oil in two formations beneath much of the U.S.

It’s no secret that countries with outsized oil production maintain an advantage over other countries. This typically ...

The price of octane-95 fuel is N839 per litre. For comparison, the average price of fuel in the world for this period is N2035.40. However, there is a substantial difference in these prices among ...

Let’s take a look at the cheapest places in the world to buy petrol—and see where India and Pakistan fall on that list.

Prices have been on the downward trend since early April, when they fell as low as $55 a barrel on the heels of Trump’s ...

The European Union is intensifying its pursuit of natural resources in Central Asia, driven by the war in Ukraine and strained relations with the U.S., but faces significant logistical and ...

Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June at the risk of ...

Eight Organisation of the Petroleum Exporting Countries +member countries, on Saturday, announced a sharp increase in oil ...

Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June at the risk of ...

Oil is one of the main drivers of economic growth in Africa. It fosters international relationships, attracts foreign ...