With the 2025 national budget targeting crude oil production of 2.062 million barrels per day (bpd) at $75 per barrel, the ...

Oil prices rise as U.S. sanctions tighten supply and seasonal demand surges. Can crude break through $80 and sustain its bullish momentum this week?

Oil prices saw a strong start in 2025, with Brent oil rising over 9% in January. Factors such as fresh US sanctions on ...

US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up ...

U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while ...

The NUPRC said Nigeria’s current production was averaging 1.7 million barrels, leaving a deficit of about 350,000 barrels to ...

Oil prices surge to three-month highs as U.S. broadens sanctions on Russian oil and winter weather lifts demand for heating ...

The Federal Government has reiterated its commitment to enhancing collaboration with indigenous oil service providers as a critical strategy to boost crude oil production and drive the growth of the ...

Oil and gas giant, Seplat, has said it aims to double its crude oil production capacity within six months after moving in to ...

Speaking at the third Libya Energy and Economy Summit in Tripoli on Saturday, Sulaiman announced that Libya's oil sector is ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally ...