nigeria oil price

Crude Oil prices rose on Thursday as a weaker dollar and a surprisingly large drop in U.S. crude inventories emboldened investors ahead of next week's meeting between OPEC members and Russia to discuss supply. Brent crude futures which Nigeria oil trades rose 84 cents, or 1.8 percent, to $47.67...

Oil prices fell Friday as OPEC's key producers cast doubt on the need to cut output, denting hopes of a deal to tackle a global supply glut. Iranian Oil Minister Bijan Zanganeh on Friday said his country wanted its pre-sanctions share of the crude market. His comments followed a warning by...

The deregulation of the downstream oil sector and the increase in the pump price of Premium Motor Spirit from N86.5 per litre to N145 have led to the reduction in the consumption of the product by 30 per cent across the country, the Federal Government has said. Minister of State for...

Global oil benchmark, Brent crude, fell by to a two-month low on Friday after the United States government reported a weekly crude draw within analysts’ forecasts, disappointing market bulls who had expected larger declines. Brent, against which half of the world’s oil is priced, was down by...