FG to increase crude oil output to 2m bpd by December
The Federal Government says it is targeting to increase crude oil production…
WTI Rallies After Big Crude Draw; Biden Admin Drains SPR For 13th Week In A Row
Oil prices on the benchmarks, $WTI and $BRENT slipped to the lower-end…
Commodities Trader Trafigura Makes Record Profit During Energy Crisis
Commodity trading Giant Trafigura reported record net profits of $5.5bn in the…
$XLE and Canadian Dollar Spreads Appear On Pullback In Crude Oil Market
Closes are important in chart information, therefore I do not neglect them…
Market Wrap- Oil Gaps $5 On OPEC Cuts, Japan Stocks Approach 34 Year Record As $AAPL Soars
The trading week started off with a massive gap up on both…
The Closing Bell- Oil Rallies on Canadian Output Cuts as $VIX and $DXY Stay Flat
From wild fires in Canada to upticks in Chinese demand, oil took…
The Closing Bell- Oil and US Regional Banks Journey South As Volatility Finally Stirs
With the FOMC looming tomorrow, recession fears are ramping up as investors…
Why The Petroyuan Is Bad News For Americans
As the Chinese oil benchmark gets set for prime time, the US…
The Closing Bell- US Stocks Close Flat Amid Earnings Updates
The US equity markets were mostly range-bound during the trading session today,…
The Closing Bell- Dollar and Bank Stocks Climb as Oil and Volatility Recede
US Equities, barring the Nasdaq held their ground today despite a rampant…
Weekly Market Wrap-Oil Drops 12.7% as Volatility Spikes and Equities Retreat
Volatility reared it's head this week as banking contagion fears persisted despite…
Euro Gains Versus the Dollar on Decreasing Volatility and climbing Yield Differential
On February 27th, a hotter than expected inflation number of 8.5% came…
$SPX Reclaims Some Ground as US dollar Drops -0.59% on mixed data
The stock indices recovered some of their previous week's loses as DXY…
End of Day Market Report (02/17/2023)
Equities and Currencies The US dollar has had a lot of positive…
Oil producing states deserve more than 3 per cent allocation – IPMAN Chair
Mr Joseph Obele, Chairman, Rivers State Chapter of the Independent Petroleum Marketers…
Heritage Bank, Dukia Gold to Boost Nigeria’s N300trn Gold Industry
In an effort to create new opportunities and boost Nigeria’s N300 trillion…
Bayelsa Community Vacates Conoil’s Crude Production Flow Station Over Expired MoU
Residents of Koluama in Bayelsa have vacated a crude production…
Stakeholders Urge FG to Shift Attention From Crude Oil to Bitumen Exploration
Stakeholders in Ogun and Ondo State have urged the Federal Government…
Senate Begins Probing Unrepatriated Crude Oil, Gas, Non-oil Export Proceeds
The Senate has begun probing crude oil and gas and non-oil…
Forex Responsible For Hike In Petrol Price In Nigeria- Expert
Mr Ronke Onadeko, an expert in oil and gas, says high exchange…
Nigeria at 60: Capital market, OPS operators express mixed feelings
Ahead of Nigeria’s 60th independence on Oct. 1, capital market experts and…
Oil prices fall after U.S. crude inventories rise against expectations
Oil prices fell on Wednesday after an industry group reported a surprise…
NOSDRA Confirms 45 Barrels of Crude Oil Leaked And not 45, 000 Barrels
The National Oil Spills Detection and Response Agency (NOSDRA), on…
Price of Petrol Rises through the Roof, as FG Raise Prices Once More
The Nigerian Government has sent the price of petrol rising through the…
Oil Rises Towards $46 On U.S. Inventory Drop, Economy Hopes
Oil rose towards $46 a barrel on Wednesday, gaining for a third…
Brent Prices Rise On U.S. Output Cuts, China Trade Deal Hopes
Brent crude oil prices rose on Wednesday, lifted by U.S. producers shutting…
US Slash Oil Imports from Nigeria by 11.67 Million Barrels
The US has cut oil imports from Nigeria by 11.67 million barrels…
There are no missing 48m barrels of Crude Oil- NNPC
The Nigerian National Petroleum Corporation ( NNPC) on Thursday, said the report on…
How Abba Kyari, Malami, Two Others Allegedly Shared N800M in secret Oil Deal – Jackson Ude
The rains are heavy in Nigeria and cans of worms are being…