crude oil

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    Business Nigeria crude oil production drops to1.32mbpd in February – OPEC - Daily Post

    https://dailypost.ng/2024/03/13/nigeria-crude-oil-production-drops-to-1-32mbpd-in-february-opec/
  2. PENGASSAN Contradicts FG: Petroleum Subsidy Still in Play

    Nigeria PENGASSAN Contradicts FG: Petroleum Subsidy Still in Play

    The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has contradicted President Bola Tinubu's statement that the subsidy era for petroleum is over, asserting that the Federal Government is still paying subsidy. Osifo, who also...
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    Business Nigeria's crude oil production hits 1.3 million BPD in February 2023 - Pulse.ng

    https://www.pulse.ng/business/local/nigerias-crude-oil-production-hits-13-million-bpd-in-february-2023/9blxpr2
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    World Saudi Arabia will continue to pump oil despite fall in price – Businessday NG

    https://businessday.ng/energy/oilandgas/article/saudi-arabia-will-continue-to-pump-oil-despite-fall-in-price/
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    Metro Surveillance Company Uncovers Crude Oil Theft In Rivers Community – Sahara Reporters Nigeria News

    http://saharareporters.com/2020/06/20/surveillance-company-uncovers-crude-oil-theft-rivers-community
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    Business Crude Oil hits $40, Nigeria cuts production by 216,000bpd – Naijabizcom Nigeria News

    https://naijabizcom.com/2020/06/04/crude-oil-hits-40-nigeria-cuts-production-by-216000bpd/
  7. Nigeria Business News

    Business Nigeria’s Oil Reserves Will Run Dry In 49 Years – Nairaland

    The nation’s crude oil reserves of 37 billion barrels, two per cent of which is being produced annually, will be depleted in 49 years, according to the Department of Petroleum Resources..... Read more via Nairaland – https://ift.tt/39QfoaA Get more: Nigeria Business News
  8. Nigeria Business News

    Business Nigeria Lost N4.57tn Revenue to Crude Oil Theft In 4 Years – Maritime Security Review

    Nigeria lost a approximately N4.57 trillion to oil theft activities in the four years between 2015 and 2018, according to estimates by the Nigeria Natural Resource Charter (NNRC).... Read more via Maritime Security Review – https://ift.tt/2HhVbOF Get more: Nigeria Business News
  9. Nigeria Business News

    Business European refiners cultivating a taste for Nigeria’s Egina crude – Hellenic Shipping News

    Nigeria’s newest export crude, the medium sweet Egina, is proving popular with European refiners due to its high distillate yields, with output from the Total-operated field close to its full capacity... Read more via Hellenic Shipping News – https://ift.tt/2M8a1M2 Get more: Nigeria Business...
  10. Nigeria Business News

    Business 34 firms get NNPC’s crude-oil-for refined fuel swap contract – Nairametrics

    In order to continue its exchange of crude oil for refined fuel, the Nigerian National Petroleum Corporation (NNPC) has contracted about 34 companies to carry out the deal..... Read more via Nairametrics – https://ift.tt/2ltxI5l Get more: Nigeria Business News
  11. curator

    Business Oil surges past $80 as OPEC rebuffs Trump – BusinessDay News

    The price of oil surged back above $80 a barrel in early morning trading Monday after a meeting of OPEC and non-cartel members ended without any pledge to increase supply to the..... Read more via BusinessDay News – https://ift.tt/2QTBtMI Get more: Nigeria Business News
  12. curator

    Business Nigeria Recorded 1.71 Million Barrels Per Day Oil Production In August – Leadership Newspaper

    The Organisation of Petroleum Exporting Countries, said Nigeria’s oil production rose to 1.71 million barrels a day, bpd, in August. The figure according to OPECs monthly oil market report for September released on Wednesday, puts the... Read more via Leadership Newspaper –...
  13. curator

    Business Oil prices climb towards $80 – PM NEWS Nigeria

    Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November.... Read more via PM NEWS Nigeria – https://ift.tt/2oUWwla Get more: Nigeria Business News
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    World Oil Rises Amid Trade War Over Iran Sanctions – Leadership Newspaper

    Oil prices rose on Friday as concerns over the impact of a trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output supported the market. .... Read more via Leadership Newspaper – https://ift.tt/2C3FlY5 Get more World News
  15. curator

    Business Nigeria’s Crude Export Rises To Four Month High – Leadership Nigeria Newspaper

    After four months, Nigeria’s crude exports rose for the first time in July, reports have said. This was due to Shells lifting of export restrictions on.... Read more via Leadership Nigeria Newspaper – https://ift.tt/2MjhuEC Get more: Nigeria Business News
  16. curator

    Business Oil prices fall as Saudi, Russian output rises – TODAY.NG News

    Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the U.S. Benchmark Brent crude oil LCOc1 fell 1.24 dollars a barrel to a low of $77.99 before recovering to $78.40, down 83 cents, … Read more...
  17. curator

    Business How FG loses crude earnings to IOCs metering – The Guardian Nigeria Newspaper

    Oil prices move close to $80 bpd • Nigeria’s Bonny Light records higher value The Federal Government’s reliance on the International Oil Companies (IOCs) to determine the quantity of oil production is negatively affecting the country’s crude earnings. The Guardian … Read more via The Guardian...
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    Politics Osinbajo urges African economies to look beyond oil revenue – Punch Newspapers

    Vice President Yemi Osinbajo has called on African countries to look diversify their economies and look beyond oil-based revenue for future prosperity. Osinbajo stated this in Abuja on Monday while declaring open the Extraordinary Session of the Council of Ministers of African Petroleum...
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    Bayelsa moves to stamp out illegal crude oil refineries – Vanguard News

    YENAGOA—Hard time awaits illegal crude oil refinery operators in the deep mangrove swamp of Bayelsa State as the state government is set to establish a task force to check their activities to protect the environment. Dickson The state governor, Mr Seriake Dickson, stated this in …...
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    Excitement in Northern state as 7 wells ‘confirm’ existence of crude oil - Naija Ng

    Seven wells drilled at the Bida Basin have confirmed existence of oil in commercial quantity, renewing optimism that Niger state may soon join the league of oil producing states. The development was disclosed by the state’s commissioner for mineral resources, Hajiya Ramatu Yar’Adua, while...
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