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Oil Defies 2022 Surplus Forecast, Continues Bullish Run on Fading Virus Fears

Although still early in the year, oil prices has started off 2022 on a positive note, defying experts’ prediction of a ballooning surplus, instead...

Crude oil hits $77 amid supply constraints

The price of the international crude oil benchmark, Brent, rose on Thursday amid supply constraints and a drop in United States oil reserves. As of...

N120b petrol subsidy to double as CBN adjusts exchange rate

As the Central Bank of Nigeria, CBN, signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website,...

Deregulation of the downstream sector is for growth of the Economy- Sylva

The Minister of State for Petroleum Resources, Timipre Sylva has said that the deregulation of the downstream oil sector was to ensure economic growth...

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