crude oil

https://www.pulse.ng/business/local/nigerias-crude-oil-production-hits-13-million-bpd-in-february-2023/9blxpr2

https://businessday.ng/energy/oilandgas/article/saudi-arabia-will-continue-to-pump-oil-despite-fall-in-price/

http://saharareporters.com/2020/06/20/surveillance-company-uncovers-crude-oil-theft-rivers-community

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

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

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

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...

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

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

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 –...

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

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

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

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...

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...

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...

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 …...

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...

Oil races to $80 as U.S. drilling rises Oil prices steadied below 3-1/2 year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher North American production. Oil Brent crude was up 20 …...

With the declining United States crude oil inventories, the price of oil thursday hit $74 per barrel, its highest in nearly four years as Saudi Arabia moved to push for a price rise of $80 -$100 per barrel. Thisday reported that Brent crude futures reached $74.74 per barrel yesterday, the...