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Business/Tech Touch

Global oil market undergoing ‘historic shock’- OPEC

The OPEC oil cartel said Thursday that the world market for crude is undergoing an unprecedented jolt due to coronavirus mitigation measures that have decimated

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OPEC +: Despite Mexico’s negative response, Nigeria hopes for $15 oil price rebound

Nigeria said Friday that a “historic” agreement between major oil producers to cut output by 10 million barrels per day, if it goes forward, could

Business/Tech Touch

Business: Dangote Refinery to sell Petrol at International Price

The Federal Government through the Minister of Finance, Budget and National Planning, Zainab Ahmed, has revealed that Dangote Refinery will sell petrol at international price

AWC Series

Huge environmental crisis in Mauritius over massive oil leakage from grounded ship

 Tons of oil has been leaking from a bulk carrier that ran aground in the southeast of the island of Mauritius, sparking fears among green

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Global oil prices snap after four-day winning streak

Oil prices fell for the first time in four days on Wednesday, slipping from as much as five-month highs as mounting coronavirus cases worldwide and

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OPEC+ sets June 22 deadline for non-compliant members

The Organisation of Petroleum Exporting Countries (OPEC) and its allies in the Declaration of Cooperation, called OPEC+, has set June 22 as deadline for non-compliant

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Global Oil price rises to two-month high of $35

The international oil price benchmark, Brent crude, rose to its highest level since March on Monday as major oil producers cut their output levels and

Business/Tech Touch

Nigeria loses $20.4b yearly to oil theft

Speaker of the Nigerian House of Representatives, Hon Femi Gbajabiamila on Tuesday said the country is losing  400,000 barrels of oil per day (BPD) amounting

Business/Tech Touch

Shock as oil price crashes to $33, loses $11 in hours

The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel. Oil prices suffered a historic