Tag
CRUDE OIL
Crude oil surged 21% on Thursday, putting it on track for its best day on record, taking back more than half of the losses from Wednesday’s plunge.
Nigeria's income from oil and gas is projected to fall by between 50% and 85% in 2020, reaching the lowest levels in more than two decades.
The three ailing refineries managed by the Nigerian National Petroleum Corporation (NNPC) have failed to process crude oil for three months now. Also, the consolidated financial performance of the facilities recorded losses for 13 months back to back
U.S returns to Nigerian Oil, imports N349 billion crude oil in three months
The newly-sworn-in Minister of State for Petroleum Resources, Timipre Sylva has said that FG should reduce the production cost of crude oil.
NNPC under-remitted N297 billion deducted from earnings from the Domestic Crude Allocation as costs and losses.
Modular refineries in Imo, Bayelsa get NCDMB’s equity investment
The Nigerian National Petroleum Corporation (NNPC) will maintain its crude oil production cut despite the recent bearish trend in the global oil market.
Nigeria’s position in global oil sales is being threatened by the United States oil surge and expansion.
The Nigerian National Petroleum Corporation (NNPC), has contracted about 34 companies to carry out its crude oil for refined fuel exchange deal.
The latest economic report released by the [@cenbank] has revealed that Nigeria's oil revenue declined by N62.2 billion in May 2019. According to the [@cenbank] report, the gross revenue made from oil sales in May 2019 was estimated at N410.18 billion, up from N472.38 billion recorded in the previous month. This means Nigeria's total oil revenue drops by 15% in one month.
The Royal Dutch Shell has decried the incessant increase in pipeline vandalism and crude oil theft at its facilities in Nigeria.