Brent crude oil continued to rise on Wednesday, gaining 1.6% as the market focuses squarely on the OPEC+ meeting scheduled for Thursday, with analysts increasingly anticipating additional output restrictions on some level from the cartel.On Wednesday at 2:39 p.m. ...

Nigeria saw a sharp decline in natural gas production last year, despite the infusion of a N250 billion intervention fund.The nation’s natural gas production fell by 4 billion cubic feet metres between 2021 and 2022, according to data from ...

The largest economy in Africa’s oil industry is expected to come out of recession in the fourth quarter of 2023, according to KPMG Nigeria.This comes after 14 straight quarters of negative growth, according per the company’s most recent analysis ...

Nigeria and Angola have been firmly against the Organisation of the Petroleum Exporting Countries’ (OPEC) proposal to lower their production limits for crude oil.A Bloomberg report from Tuesday claims that OPEC was forced to postpone a crucial meeting due ...