The latest discovery on the Nigerian economy shows that the price of Bonny Light crude oil increased to $92.79 per barrel, which was a significant increase from the $90.88 per barrel recorded last Tue...
According to a new report, Nigeria's crude oil production declined in April 2024, which has sparked many discussions and criticisms regarding the sustainability of the previous increase seen in Januar...
Bloomberg reported on Thursday that Dangote Refinery has been shipping products as it prepares two units for petrol (petrol) output, which will transform the fuel market in Nigeria and the surrounding...
The oil refinery and fertilizer plant owned by Aliko Dangote, Africa's richest man and president of Dangote Group, according to Femi Otedola, a business entrepreneur, is the world's eighth wonder.Foll...
2020 has indeed been a pretty rough year so far due to the sudden coronavirus pandemic. Global economies have taken a different turn as the pandemic worsens, and different sectors of the economies are...
Like every other futures contract, oil futures contract or crude oil futures is a legal agreement that binds two parties to either buy or sell oil at a predetermined amount, at a stipulated time in th...
According to a recent report, Nigeria lost over N720 billion in revenue in February and March 2024 due to its crude oil production declining month after month.It was also announced that Nigeria missed...
One of the best investment opportunities that yield amazing results is investing in Oil Wells. This is because investing in oil provides the opportunity to earn additional profit from tax. Also, despi...
West Texas Intermediate (WTI) is a crude oil benchmark used in oil pricing. It is a grade of crude oil referred to as light sweet crude oil because of its low density and low sulfur content (0.24%). T...
What Is Crude Oil?Crude oil, also known as petroleum, is a naturally occurring yellowish-black liquid mixture that is mainly hydrocarbons and is usually found in geological formations. The name p...