What is the definition of a Barrels of Oil Equivalent (BOE)?DefinitionBarrels of oil equivalent is a measure of the amount of energy contained in a barrel of oil. BOE is primarily a measure of en...
In the early hours of Monday, oil prices plunged after Saudi Arabia declared a price war against Russia, a former ally; thereby, causing a historic collapse. Following the collapse, the US oil prices ...
Since the inception of the recent Russian military invasion in Ukraine, the Western world has felt a huge resistance in the placement of sanctions in Russia’s oil and gas exports, as a result of the...
At the 7th Annual Edition of the Zenith Bank International Trade Seminar with the theme "Unlocking Opportunities in Nigeria's Non-Oil Export Business," held on Wednesday, stakeholders unanimously...
On Wednesday, the Organisation of Petroleum Exporting Countries (OPEC) announced that it and its allies had agreed to maintain the current oil output policy through their June meeting.According to a s...
MRS Oil Plc has announced that it will seek shareholders' permission to remove itself from the Nigerian Exchange Limited.The company filed a notice to the NGX after Tuesday's extraordinary general mee...
Breaking News: Sahara, Total, MRS, and Others Secure 25 Oil Blocks! The 2024 oil licensing round has concluded with a bang! Yesterday in Lagos, Sahara Deepwaters, Total Energies, MRS Oil & Ga...
Seplat Aims to Boost Crude Oil Production to 120,000bpd Seplat Energy Targets Doubling Crude Oil OutputSeplat Energy, a leading oil and gas producer, has unveiled ambitious plans to double its cr...
On Monday, the price of crude oil rose to a barrel costing $95 and beyond. Brent crude increased by 0.38% to settle at $94.30 a barrel as of 11.14 WAT, while US West Texas Intermediate crude increased...
Today, Brent crude oil reached $83 per barrel following the meeting of the Organization of Petroleum Exporting Countries (OPEC), as it holds today.At around 7:47 AM, GMT+1, the review of global prices...