Oil

‎Brent Crude, the international oil benchmark, fell below the $40 per barrel mark on Monday. Brent, against which Nigeria’s crude oil is priced, fell by $0.36 to $39.47 per barrel.‎ The latest fall in the price of crude‎ oil is…

‎‎Oil prices rose on Monday as China’s plans to ship in large volumes of U.S. crude in August and September outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies. Brent…

Nigeria earned a total of $206.06bn from crude oil exports in the last five years, according to the Organisation of Petroleum Exporting Countries. Nigeria is Africa’s largest oil producer. OPEC disclosed in its 2020 Annual Statistical…