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Nigeria’s Bonny Light price drops to $37.59 per barrel

*As OPEC marks 60, commits to oil market stability The price of Bonny Light, Nigeria’s premium oil grade, has dropped from $43 to $37.59 per...

Oil prices ease after OPEC, allies agree to taper oil supply...

Oil prices eased on Thursday after OPEC and allies, such as Russia, agreed to taper record supply curbs from August, though the drop was...

Crude oil prices surge on OPEC+ cuts agreement, record China imports

Crude oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as...

OPEC+ countries extend oil output of 10m b/d cut for one...

The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC allies, known as OPEC+ have agreed to extend the 10-million-barrel-per-day (mbd) first phase of the...

Crude Oil: Demand firms as OPEC+ meeting looms, Angolan sells

A fresh indication is has emerged as traders in the international oil market said Interest in Nigerian crude was set to rise as the...

G20 countries to join Nigeria, OPEC+ in stabilizing oil market

Member countries of the G20, weekend, agreed to join Nigeria, other members and non-members of the Organisation of Petroleum Exporting Countries (OPEC) and OPEC+,...

No country is immune to COVID-19’s impact on oil market, OPEC...

Secretary-General of the Organisation of Petroleum Exporting Country (OPEC), Mohammad Barkindo, yesterday, warned that no economy is immune to the impact of the Novel...

Crude Oil War: OPEC members lost $500m a day in oil...

*As Bonny Light steady at $33.88b/d Following members of the Organization of the Petroleum Exporting Countries, OPEC+, alliance breakup, which lead to a significant slide...

Nigeria’s rig count dips by three as OPEC records minus three

Nigeria’s rig count for the month of January dipped by three, having recorded 14 as against 17 recorded last December, data from the Organisation...