Tag
CRUDE OIL
For February, Nigeria’s crude oil production dropped to 1.32 million barrels per day from the 1.42-million-barrel oil daily production- a drop of 104,000 barrels per day.
Shell should not be allowed to divest from the Niger delta until it takes responsibility for cleaning up its toxic legacy of pollution.
The Federal Government has recorded its first revenue from crude oil sales in September 2023 after a year of zero revenue.
A Nairametrics review of global crude oil prices as of 01:54 GMT+1, revealed that Brent was trading $79.22 per barrel.
The Nigerian National Petroleum Company Limited (NNPCL) will start pricing crude supplies against dated Brent crude in 2024. This is according to a December 5 Bloomberg report.
Five months after Asiwaju Bola Ahmed Tinubu was sworn in as president in May 2023, Nigeria's crude oil production rate has increased by a mere 131,926 barrels per day.
The Speaker of the House of Representatives, Tajudeen Abbas, has revealed that Nigeria has suffered substantial losses due to crude oil theft amounting to $46 billion between 2009 and 2020.
The price of Brent crude, the international benchmark, to above $90 a barrel on Tuesday, up more than 12% since the start of the year.
Major petroleum product traders and other independent traders could enjoy some relief from rising gasoline importation costs after oil prices posted their first weekly decline in more than two months coupled with the strengthening of the naira
Nigeria’s decision to destroy vessels carrying out crude oil theft in the country is justified, this was highlighted by Adewunmi Fagbola, the Director, National Probity/Value for National Building Organization during an interview
Nigeria’s crude oil output slumped to a three-month low data from NUPRC and Organization of Petroleum Exporting Countries (OPEC) reveals.
The International Energy Agency (IEA) has said that global crude oil prices could rise higher if current targets are maintained. It stated this in its oil market report, released on Friday, August 11.