THE costs of producing one unit of output for Singapore’s manufacturing sector rose marginally in full-year 2024, while it climbed more significantly for services in the first three quarters of the ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said the country exceeded its Organization of ...

The US imposed a new set of sanctions against Russian oil companies and tankers in early January, linked to the ongoing ...

If the price of green hydrogen comes down from the current $5.5-6.0 to $3 per kg, it will bring a revolutionary change. There ...

OPEC has maintained its oil demand forecast despite concerns over U.S. President Trump’s trade policy. The group cited increased market uncertainty, with potential supply-demand imbalances leading to ...

Nigeria has finally met the quota set for it by the OPEC, a report by the Nigerian Upstream Petroleum Regulatory Commission has shown.

The Organisation of Petroleum Exporting Countries (OPEC), says Nigeria’s average daily crude oil production has increased significantly to 1.539 million Barrels Per Day (bpd) in January.

According to the oil cartel’s direct communication data, Nigeria recorded 1,539 million barrels per day in January from 1,485 million recorded in December 2024, an increase of 54,000 barrels.

The prospect of peace between Russia and Ukraine caused more losses for oil on Thursday, albeit much milder than the previous session's 2 percent -plus drop in prices - thanks to optimism generated by ...

Petroleum futures regained their footing Thursday, a day after crude prices lost nearly $2 and refined product contracts shed 2%-3% on potential Ukraine peace talks and after Fed Chair Jerome Powell ...

The stocks of oil majors Chevron (CVX), Exxon Mobil (XOM), and Occidental Petroleum (OXY) are up about 1% each after the ...