Tag: Crude Oil

TOR will resume operations in October after turnaround maintenance, says MD Edmond Kombat.

Russia expects India to maintain current levels of crude oil imports despite U.S. tariff hikes

Nigeria’s Gas Output Sees Modest Growth in June as NNPCL Posts N905 Billion Profit

Renowned economist Professor Godfred Bokpin has raised fresh concerns about Ghana’s economic resilience, pointing to the country’s continued dependence on raw commodity exports and the lack of structural transformation as ...

Fuel prices drop at the pump as of June 16, 2025, citing cedi appreciation and government tax suspensions.

Russia’s production drilling activity has reached record highs...

“We agreed to work with the Kingdom to enhance the stability of global oil markets and to balance global energy market dynamics..."

At the time of writing, Brent crude was trading at $70.60 per barrel, while West Texas Intermediate (WTI) stood at $67.26 per barrel.  

The newly constituted 11-member board, announced on April 2, 2025, includes Engineer Bashir Bayo Ojulari as the new GCEO and Ahmadu Musa Kida as the non-executive chairman.

“Expectations of progress in peace negotiations between Russia and Ukraine and a potential easing of U.S. sanctions on Russian oil pressured prices lower.”