Nigeria has once again reclaimed its position as Africa's leading crude oil producer, as reported by the Organization of Petroleum Exporting Countries (OPEC) for the month of May 2023. The country's d...
Oil prices rose even higher after discussions between Russia-Ukraine failed to yield any positive results. This made the market continue to worry about limited supplies, which prompted the Internation...
The price of Brent rose to $70.46 per barrel from $68.50, recorded the previous day on the decisions of Organisation of Petroleum Exporting Countries, OPEC and Non-OPEC ministers, to impact the volati...
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 ...
The shares of U.K.-listed Nigerian oil producer, Lekoil (LSE: LEK) slumped by 69% after falling victim to an alleged scam . The company said it appeared to have been defrauded by individuals...