Crude Oil

Nigerian Troops Recover Over 700,000 Stolen Crude Oil In Major Operation

Troops Seize Over 700,000 Litres of Crude Oil In a significant crackdown on oil theft, Nigerian troops have recovered 715,325 litres of stolen crude oil and 148,415 litres of illegally refined diesel

Emmanuel Ochayi

2 months ago

Business·Latest News·Markets·Oil & Gas

Nigeria’s Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Nigeria, Africa’s largest oil producer, faced a significant revenue setback as a consequence of consecutive declines in crude oil production. The country lost about N720 billion due to a slump in production

Emmanuel Ochayi

5 months ago

Business·Latest News·Markets·Oil & Gas

Nigerian Crude Oil Trades At $92 Per Barrel, $14 Higher Than FG Budget Benchmark Amid Global Supply Concerns

Nigerian crude oil continues to hold its premium status in the global market, trading higher than the Federal Government’s budget benchmark as investors remain wary of supply disruptions. With recent attacks on

Emmanuel Ochayi

5 months ago

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Oil & Gas

Why Global Oil Market Needs $14trn Investment – OPEC

In a paradigm-shifting address at India Energy Week, OPEC’s Secretary General Haitham al-Ghais illuminated the pressing need for $14 trillion investment in the global oil market over the next two decades. His

Victor Ezeja

7 months ago

Business·Latest News

Why Port Harcourt Refinery Can’t Work This December As Promised – Ex-NNPC Chief

Erstwhile Group Executive Director of the Nigerian National Petroleum Company (NNPC), Alex Ogedengbe, has advised Nigerians to minimize their expectations from the Port Harcourt refinery, stressing that from all indications the plant

Victor Ezejaand

Admin

9 months ago

1.78mpd Oil Output Project Can Be Achieved – NNPCL

Business·Latest News·Oil & Gas

NNPCL Kicks As Nigeria Records 172 Crude Oil Theft Incidents In 1 Week

The Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has described the destruction of over 5,000 kilometers of oil pipelines by vandals as a national calamity, with the country

Victor Ezejaand

Admin

10 months ago

Africa·Business·Latest News·Oil & Gas

NNPCL, Aiteo Launch Nembe Crude Oil Grade

The Nigerian National Petroleum Company Limited (NNPCL) and Aiteo have jointly introduced the Nembe crude oil grade. The announcement was made at the Argus European Crude Conference in London, with Olufemi Soneye,

Emmanuel Ochayi

10 months ago

Business·Oil & Gas

FG Loses N249bn To Decline In Crude Output, Fuel Hike Drops PMS Consumption

In July 2023, Nigeria’s total crude oil production fell to 33.5 million barrels, resulting in about N249 billion or $320.4 million lost last month, worsening the Federal Government’s revenue problem in the

Fakoyejo Olalekan

1 year ago

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

NNPC Discovers Oil Thieves’ Sophisticated Equipment Siphoning Crude

The equipment of suspected oil thieves on oil mining lease (OML) 18, was discovered by the Nigerian Navy and the Nigerian National Petroleum Company (NNPC) Limited on Tuesday, 11 July 2023. This

Fakoyejo Olalekan

1 year ago

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Nigeria earned at least $104.58 million daily from crude oil in February 2023, as Africa’s largest oil producer pumped 1.3 million barrels per day. The 1.3 million barrels produced daily last month

Fakoyejo Olalekan

2 years ago

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Nigerian Troops Recover Over 700,000 Stolen Crude Oil In Major Operation

Nigeria’s Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Nigerian Crude Oil Trades At $92 Per Barrel, $14 Higher Than FG Budget Benchmark Amid Global Supply Concerns

Why Global Oil Market Needs $14trn Investment – OPEC

Why Port Harcourt Refinery Can’t Work This December As Promised – Ex-NNPC Chief

NNPCL Kicks As Nigeria Records 172 Crude Oil Theft Incidents In 1 Week

NNPCL, Aiteo Launch Nembe Crude Oil Grade

FG Loses N249bn To Decline In Crude Output, Fuel Hike Drops PMS Consumption

NNPC Discovers Oil Thieves’ Sophisticated Equipment Siphoning Crude

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

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