The price of Brent crude has risen in the international market, signalling the possibility of petroleum product price increase in depots across Nigeria.

"This time it's different" is a well-worn cliché that seems to be getting another whirl with the latest U.S. sanctions ...

The retail price of Premium Motor Spirit, petrol, has increased to between N1030 and N1,150 per litre following a hike by ...

Crude oil prices are expected to rise for a third week in a row due to US sanctions on Russia, positive economic data from ...

It noted that marketers buying between two million and 4.99 million litres would now buy at N955/litre, while five million litres and above would buy at N950/litre.

Senator Heineken Lokpobiri on Thursday insisted that fluctuations in the pump price of petrol would be determined by the ...

Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory dip of 2 million barrels for the second week of the year.

A decline in Russian crude oil exports is supportive of crude oil prices. Weekly vessel-tracking ... said it will delay the planned 300,000 bpd increase in its crude production target from ...

Oil prices slipped on Tuesday after a U.S. government agency forecast steady U.S. oil demand in 2025 while lifting its ...

"Following some initial upward price pressure in early 2025, we expect that crude-oil prices will generally decline from mid-2025 through the end of 2026 as growth in global oil production outpaces ...

A decline in Russian crude oil exports is supportive of crude oil prices. Weekly vessel-tracking ... said it will delay the planned 300,000 bpd increase in its crude production target from ...

The US Energy Information Administration (EIA) revised up its forecast for crude oil prices for 2025 over the relatively lower global oil inventories in the first quarter of the year. Increases in ...