crude oil

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    Business Nigeria's crude oil production hits 1.3 million BPD in February 2023 -
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    World Saudi Arabia will continue to pump oil despite fall in price – Businessday NG
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    Metro Surveillance Company Uncovers Crude Oil Theft In Rivers Community – Sahara Reporters Nigeria News
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    Business Crude Oil hits $40, Nigeria cuts production by 216,000bpd – Naijabizcom Nigeria News
  5. 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 – Get more: Nigeria Business News
  6. 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 – Get more: Nigeria Business News
  7. 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 – Get more: Nigeria Business...
  8. 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 – Get more: Nigeria Business News
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    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 – Get more: Nigeria Business News
  10. 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 –...
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    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 – 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 – Get more World News
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    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 – Get more: Nigeria Business News
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    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...
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    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...
  16. siteadmin

    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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    Oil races to $80 as U.S. drilling rises – Vanguard News

    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 …...
  20. Iroka Chinedu

    Business Crude Oil Price Rises to $74, Highest in Four Years - This Day newspaper

    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...