Energy-rich Nigeria has approved a new policy requiring gas producers to direct a part of their output to the domestic market, rather than exporting it, a presidential statement…

Oil rose on Wednesday after the Organisation of the Petroleum Exporting Countries (Opec) decided to keep output levels unchanged, rebuffing consumer-country calls for more crude…

There is no fundamental justification for oil at a barrel and Organisation of the Petroleum Exporting Countries (Opec) member Nigeria is assuming that prices will not last at…