Tag: crude oil

Oil Prices Near $110 as Hormuz Tensions Threaten Nigeria Fuel Costs

Business Damilola Bayonle -
Oil prices near $110 as Hormuz shipping risks deepens Oil prices climbed toward $110 per barrel on Sunday as escalating...

Nigeria oil reserves dip as gas resources rise amid shift to cleaner energy strategy

Business Damilola Bayonle -
Nigeria’s oil reserves dip as gas expansion signals energy transition shift Nigeria’s hydrocarbon landscape is undergoing a subtle but significant...

FG fast-tracks dormant oil wells revival as Nigeria targets higher crude output amid price surge

Business Damilola Bayonle -
Nigeria is intensifying efforts to recover lost crude output and capitalise on favourable oil prices, as regulators move to...

Oil prices jump to $65 as Kazakhstan supply shock and China growth fuel market optimism

Business Damilola Bayonle -
Global oil markets recorded a notable rebound on Tuesday as crude prices climbed toward the $65 mark, supported by...

Geopolitical tensions push oil prices above $63 | Latest oil market update

Business Damilola Bayonle -
Oil prices surged above $63 per barrel last week, fueled by rising geopolitical tensions in key oil-producing regions, including...

NNPCL Targets 1.8m Barrels Daily Crude Oil Output Before End of 2025

Business Damilola Bayonle -
The Nigerian National Petroleum Company Limited (NNPCL) says it is on course to raise Nigeria’s crude oil output to...

OPEC+ approves 137,000 bpd oil production hike

Business Damilola Bayonle -
The Organisation of the Petroleum Exporting Countries and its allies, known as OPEC+, has approved a modest OPEC oil...