Crude Oil

Why We Resort To Importing Crude From U.S. – Dangote

President of Dangote Group, Alhaji Aliko Dangote, has said his $20 billion refinery resorted to importing more crude oil from the United States due to insufficient supply from domestic sources. The management

Victor Ezeja

June 20, 2025

Business·News·Oil & Gas

NNPCL Begins Crude Oil Sales In Naira To Dangote, Other Local Refineries

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has announced that the sale of crude oil in naira to Dangote Refinery and other local refiners has officially kicked

Victor Ezeja

October 5, 2024

Business·News·Oil & Gas

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

July 20, 2024

Business·Markets·News·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

April 15, 2024

Business·Markets·News·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

April 3, 2024

Saudi Arabia Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

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

February 7, 2024

Business·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

December 6, 2023

1.78mpd Oil Output Project Can Be Achieved – NNPCL

Business·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

November 22, 2023

Africa·Business·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

November 8, 2023

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

August 21, 2023

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Why We Resort To Importing Crude From U.S. – Dangote

NNPCL Begins Crude Oil Sales In Naira To Dangote, Other Local Refineries

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

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