crude oil news

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    Business Nigeria’s crude oil earnings under threat as India oil imports hit 10 year low – Nairametrics
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    Business The end of the Arab world’s oil age is nigh – The Economist
  3. Nigeria Business News

    Business What Will Happen To Crude Oil If The Dollar Falls – Forbes

    Analysts have been publicly claiming that a dropin the value of the U.S. dollar is coming. Of course, this has implications for international trade, manufacturing, travel and the purchasing power of Americans. It also has a direct impact on the price of crude oil. If the value of the U.S...
  4. Nigeria Business News

    Business Nigeria earns $236 billion from petroleum exports in five years – TODAY.NG

    Nigeria, Africa’s top oil producer, earned a total of $236.15bn from petroleum exports over the last five years, a new report by the Organisation of Petroleum Exporting Countries has shown..... Read more via TODAY.NG – Get more: Nigeria Business News
  5. Nigeria Business News

    Business Oil rises as Saudi sees producers sticking with ongoing supply cuts – Reuters

    SINGAPORE (Reuters) – Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should keep supplies restricted at current levels, and in relief that the United States withdrew a tariff threat against Mexico, removing a cloud over the global economy...... Read more via...
  6. Nigeria Business News

    Business Trade Wars, Disruptions Drag Oil Price Down to $69 – Thisdaylive Newspaper

    Crude oil prices dropped Wednesday to $69 per barrel, representing about two percent reduction over its previous prices. The prices of the different baskets of crude oil were weighed down by equity markets as China threatened to escalate the trade war with the... Read more via Thisdaylive...
  7. Nigeria Business News

    Business Oil dips as U.S. output hits record, but global markets remain tight – The Edge Markets

    Oil prices dipped on Thursday after data showed record U.S. crude oil production, which resulted in a surge in stockpiles. Outside the United States, however, oil markets remained tense as all exemptions to U.S. sanctions on Iran expire, the political crisis in Venezuela escalates… Read more...
  8. Nigeria Business News

    Business Oil Prices hit 6-months high, as Trump moves to completely stop Iran’s oil export – Nairametrics

    Oil prices have once again continued bullish run by spiking to a six-month high. Specifically, Brent crude futures jumped more than 3 percent to $74.36 per barrel in the early hours of today, hitting the highest level since November 1st, 2018. Also, West Texas Intermediate crude futures rose...
  9. Nigeria Business News

    Business Crude oil: FG, IOCs suffer $13.95m revenue deficit – Newtelegraph

    The Federal Government and International Oil Companies (IOCs)operating in Nigeria’s oil and gas industry have agreed to a whopping $13.95 million revenue deficit on crude oil sale in one month, New Telegraph has learnt. This deficit, data obtained from this newspaper showed, is to be … Read...
  10. Nigeria World News

    World This 1 State Is Turning America Into an Oil-Exporting Juggernaut — The Motley Fool

    Saudi Arabia is currently the largest oil-exporting country in the world. Last year, the Middle Eastern nation shipped 7.1 million barrels of oil per day (BPD) to global markets. That’s light-years ahead of the roughly 2 million BPD the U.S. exported last year. However, America is currently …...
  11. Nigeria Business News

    Business Oil dips as U.S. crude production hits record – Premium Times Nigeria

    Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC..... Read more via Premium Times Nigeria – Get more...
  12. Nigeria Business News

    Business Nigeria’s active oil rigs drop by 18% to 28 – Plus TV Africa

    Nigeria has recorded a drop of 17.6 per cent in its number of active oil rigs bringing ... Read more via Plus TV Africa – Get more: Nigeria Business News
  13. Nigeria Business News

    Business Oil price drops to $53.82 as OPEC, others struggle to stabilise market – Vanguard News Nigeria

    THE price of crude oil has crashed from $57.00 to $53.82 in the international market as the Organisation of Petroleum Exporting Countries, OPEC and others struggle to achieve stability. Oil A survey of the … Read more via Vanguard News Nigeria – Get more: Nigeria...
  14. Nigeria Business News

    Business Is OPEC Still Relevant To Global Oil Market? – Leadership Newspaper

    The just – concluded meeting of the acclaimed oil cartel group, the Organisation of Petroleum Exporting Countries (OPEC) has raised fears as to its continued relevance in the global oil market.... Read more via Leadership Newspaper – Get more: Nigeria Business News
  15. Nigeria World News

    World Qatar’s Decision to Quit OPEC Shows Frustration With Saudi Arabia -Iran – P.M. News

    Iran says Qatar’s decision to quit the Organisation of the Petroleum Exporting Countries (OPEC) shows frustration of small crude producers with the dominant role of Saudi Arabia in OPEC, a senior Iranian energy official said on Monday. “This Qatar’s decision is very regretful … Read more...
  16. Nigeria Business News

    Business NNPC’s leaking pipelines cost Nigeria $467m in July – BusinessDay

    Nigeria’s lost a total $467 million in July due to shut-in of production from leaking pipelines carrying crude oil from wells to flow stations in the Niger Delta, where more than 90 percent of the country’s crude are explored. The loss comes from 6.29 million … Read more via BusinessDay...
  17. Nigeria Business News

    Business Oil price hits new low at $69 as OPEC predicts demand growth to increase by 1.5mb/d – Vanguard News Nigeria

    THE price of crude oil, which has been falling in the past three weeks, further dropped from $71 per barrel to $69 per barrel, yesterday as the Organisation of Petroleum Exporting Countries, OPEC, predicted oil demand growth to increase by 1.50… Read more via Vanguard News Nigeria –...
  18. Nigeria Business News

    Business Finance: Crude oil futures pop higher as Saudi Arabia vows to cut production –

    Crude oil prices have spiked after Saudi Arabia vowed to cut production Crude oil futures have spiked in early trade on Monday, finding support on reports that Saudi Arabia will cut production levels in December. Both WTI and Brent futures are up … Read more via – Nigeria’s...
  19. Nigeria Business News

    Business NNPC raked in $470m, remits N128.4bn to Federation Account in August – Newtelegraph

    The Nigerian National Petroleum Corporation (NNPC) has said that it remitted N118.4 billion to the Federation Account in August after it recorded crude oil and gas export sale of $470million in the month. The crude oil and gas sale, the corporation said in its Monthly Financial Report released...
  20. Nigeria Business News

    Business Brent Crude Down At $72.96 On Economic Slowdown Concerns – Leadership Newspaper

    Oil prices slipped yesterday as concerns mounts that an economic slowdown may curb fuel demand growth overshadowed the reintroduction of sanctions on Iran. International Brent crude oil futures were down 21 cents, or 0.3 per cent, at $72.96 a barrel, while the U.S. West Texas Intermediate...