The National Security Adviser to President Tinubu, Malam Nuhu Ribadu has expressed his regrets as he describes how Nigeria still loses 400,000 barrels of crude oil due to oil theft from both local and...
Recent reports from S&P Global Commodity Insights have revealed that the Nigerian crude oil industry is facing a significant setback due to the emergence of a cheaper alternative. Blending two cru...
Nigeria has once again reclaimed its position as Africa's leading crude oil producer, as reported by the Organization of Petroleum Exporting Countries (OPEC) for the month of May 2023. The country's d...
Mele Kyari, the astute Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, has made a remarkable proclamation regarding Nigeria's crude oil production. In an interview ai...
The oil market took a different turn on Monday after it fell it to its worst day on record. Since the coronavirus pandemic started, as feared, the demand for crude oil was certainly going to drop. But...
Today, Brent crude oil reached $83 per barrel following the meeting of the Organization of Petroleum Exporting Countries (OPEC), as it holds today.At around 7:47 AM, GMT+1, the review of global prices...
On Monday, the price of crude oil rose to a barrel costing $95 and beyond. Brent crude increased by 0.38% to settle at $94.30 a barrel as of 11.14 WAT, while US West Texas Intermediate crude increased...
On Thursday, September 28, Brent Crude oil rose to $97.2 per barrel making it to reach its highest level since it climbed in November last year.The surge in oil prices was driven by the rise in ...
Recent data from the federal government of Nigeria revealed that the nation's oil output rose to 1,426,574 barrels a day in January 2024.If these figures continue to increase, Nigeria will have more f...
The Chairman of UBA Banking Group and Heirs Holdings, Tony Elumelu, has asserted that the major reason Nigeria cannot convene its crude oil production quota and advantage from high oil rates ...