Oil Rises, Stocks Stagger As Traders Eye Iran Threat
Oil edged up while Asian stocks fluctuated Tuesday as investors assess a US plan for the “economic asphyxiation” of Iran, while tech firms struggled following another down day on Wall…
Tinubu to chair Africa minerals summit in New York
President Bola Tinubu is set to lead a fresh continental push to stop Africa’s mineral wealth from leaving the continent largely as raw materials, as he chairs a high-level summit…
Oil Falls As Trump Threatened Economic War Against Iran
Oil prices fell on Monday as investors braced for details of a US plan to isolate the Iranian economy that President Donald Trump billed as the “most crushing” financial operation…
Petrobras Discovers Oil Off Amazon Region’s Coast
Brazilian oil giant Petrobras announced Friday it had detected signs of oil off the coast of the country’s Amazon region, in an exploration project opposed by environmentalists. “Petrobras has identified…
Nigeria Meets OPEC Quota For Third Consecutive Month, Production Hits 1.67mbpd In July
Nigeria has for the third consecutive month met and exceeded its OPEC quota of 1.5 million barrels per day, latest statistics from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have…
Oil Prices Rise, Stocks Mixed Ahead Of Crucial US Inflation Data
Oil prices rose again Wednesday, and stock markets were mixed, with eyes on the release of key US inflation data that could guide the Federal Reserve on its plans for…
Oil Prices Rise Further As Hopes For Hormuz Deal Fade
Oil prices extended hefty gains Tuesday as hopes for a reopening of the Strait of Hormuz fade, fanning fresh inflation fears and ramping up bets on at least one US…
Oil, Gas Firms Remitted $6.7bn, ₦1.5tn In Four Years, RMAFC Tells Senate
Oil and gas companies operating in Nigeria remitted a total of $6.755 billion and ₦1.529 trillion to the Niger Delta Development Commission (NDDC) between 2021 and 2025 as statutory contributions.…
Oil Prices Fall Nearly 5% After US Announces New Iran Talks
Oil prices tumbled on Monday in early Asia trade after US President Donald Trump announced fresh talks with Iran to end the Middle East war and reopen the Strait of…
Navy Foils Resurgence of Oil Theft in ONELGA, Recovers 61,000 Litres of Crude, AGO
The Nigerian Navy has sustained pressure on illegal refining networks under Operation DELTA SENTINEL, with the latest operation leading to the recovery of 61,000 litres of petroleum products in Rivers…