Israel launched strikes on Iran targeting nuclear and military sites. Iran's oil facilities reportedly sustained no damage.

The escalating tensions between Israel and Iran are injecting significant uncertainty into the oil market, independent of ...

The latest escalation in tensions in Iran has paved the way for the return of risk premiums on oil prices once again.

The Independent Petroleum Producers Group (IPPG) has pledged support for the Project One Million Barrels Incremental ...

Losses to oil production targets, yesterday, hits $5.7 billion (about N8.7 trillion) in the first five months of 2025, as the ...

Oil prices jumped over 10% Thursday night after Israel launched strikes against Iran, marking a significant escalation in the Middle East conflict. West Texas Intermediate (CL=F) rose to nearly $77 ...

Iran is a meaningful oil producer, pumping 3.3m b/d of crude oil and exporting in the neighbourhood of 1.7m b/d. In a scenario where we see further escalation, it’s not too difficult to envisage a ...

Oil prices jumped over 8% Thursday night following Israel’s military strikes on Iran, marking a significant escalation in the Middle East conflict. West Texas Intermediate ( CL=F) rose to nearly $74 ...

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.05 during the Asian trading hours on Friday.

Efforts by the Federal Government to ramp up oil production to over two million barrels per day suffered another setback last month, The PUNCH reports.This was as Nigeria’s daily oil production ...

The oil market can absorb OPEC's production increases through summer, but sustaining that pace risks leading to sharp price declines and a shift to contango, where future prices are higher than spot ...

After reaching a high of $81/bbl on Jan. 15, the spot price of WTI crude fell sharply in April to below $60/bbl, the lowest ...