Benchmark Brent crude dropped about 11% to $88 per barrel, while West Texas Intermediate fell roughly 10% to $81.5 per
The International Monetary Fund (IMF) forecasts that oil and gas prices could rise by 100% and 200%, respectively, in 2026-2027
Nigeria is facing renewed pressure to reassess its fuel supply strategy after the World Bank warned that current restrictions on
Saudi Arabia has hiked the price of its flagship Arab Light crude loading for Asia in May to a record-high
The UK’s Kemi Badenoch-led Conservative Party has proposed scrapping Value Added Tax (VAT) on household energy bills for three years,
Oyo State Governor, Seyi Makinde, has announced that all workers in the state would be entitled to a N10,000 top-up
France and Italy have opened talks with Iran in an effort to secure safe passage through the Strait of Hormuz
The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered
Oil prices rose further on Tuesday as Brent crude prices increased by 3.2% to $80 (£59.67) a barrel, while US-traded
President Bola Ahmed Tinubu on Friday presented the N58.18 trillion 2026 Appropriation Bill to a joint session of the National
Global oil prices fell sharply on Tuesday, with Brent crude slipping below the $60-per-barrel mark for the first time since
Oil prices extended declines as Asian markets opened on Tuesday as traders responded with relief to apparent de-escalation in the
Get notified about new articles