Focus shifts to G20 meeting for OPEC++ deal as OPEC+ ends oil price war
From July to December, overall production cuts will lower to 8 million barrels per day, followed by 6 million barrels ...
Thursday, March 5, 2026
Tag: Oil prices
Oil futures rise on hopes of production cuts
Oil prices strengthened ahead of their settlement on Wednesday, buoyed by hopes that OPEC and its allies will strike a ...
African Energy Chamber urges OPEC to reach a deal on ending oil price war
…organization meets in Vienna on Thursday Ben Eguzozie, with agency report As member-countries of the petroleum producers’ group, OPEC and ...
Seplat grows profit 13.4% to $270m in 2019
By Omobayo Azeez Seplat Petroleum Development Company Plc recorded 13.4 per cent uptick in profit before deferred taxes to $270m ...
Canada prepares multi-billion dollar bailout for its oil industry
The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and ...
Oil slumps to 18-year low as Saudi Arabia ramps up price war
Oil prices plunged below $24 a barrel for the first time in almost 18 years after Saudi Arabia doubled down in its ...
Breaking: FG reduces petrol price to N130 from N145
The federal government may have directed the reduction in the pump price of Premium Motor Spirit (PMS) from N145 per ...
More pain for Nigeria as oil sinks to $29
With the international oil benchmark, Brent crude, falling below the $30 per barrel mark on Monday, the oil-dependent Nigerian economy ...
Oil crash: Nigeria may lose $8.63bn in six months
Nigeria’s economy may slide into another recession as the sudden crash in crude oil prices is set to wipe $8.63bn ...
Oil flood: Russian oil giants prepare for a production surge
Russian oil firms plan to raise their oil production from April and they are comfortable with the current oil prices ...
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