Browsing Tag
Crude oil
18 posts
U.S. Slashes Nigerian Crude Imports by 47%
The United States sharply reduced its imports of Nigerian crude oil in January 2026, with volumes dropping by…
Crude oil prices drop for first time since Iran, US-Israel war
Global crude oil prices fell on Tuesday for the first time since February 28, 2026, when the conflict…
Itsekiri natives shut down 28,000 barrels per day oil facility in Warri
Some natives of Itsekiri on Wednesday, April 9, shut down a 28,000 barrels per day oil production facility…
Chevron Announces Discovery Of New Oilfield In Nigeria
CNL recently announced the discovery of a new oil field in Nigeria The development is expected to help…
FG Begins Sale of Crude Oil in Naira
The Federal Government has announced the commencement of crude oil sales to local refineries and the purchase of…
Nigeria’s Crude Oil Production Rises to 1.3 Million Bpd, But Falls Short of OPEC’s Production Quota
The Organisation of Petroleum Exporting Countries (OPEC) has reported that Nigeria’s crude oil production increased to 1.307 million…
Edo Refinery Laments Not Getting Needed Crude in Naira Despite Tinubu’s Directive
The management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited (ERPCL), has raised…
Nigeria to boost oil production as it adds new 50,000 bpd crude oil terminal – Report
Nigeria is set to boost its crude oil production with the launch of a new terminal, Utapate, in…
Nigeria’s crude oil production increases to 1.61mbpd in July – NUPRC
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has said that the country’s average…
No enough crude for P/Harcourt refinery, others – Minister
The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has once again expressed fear that the newly inaugurated…
Nigeria’s Oil Revenue Surges as Crude Production Rises
Recent data from Nigeria’s oil production and revenue have revealed a surge in the country’s oil earnings. Crude…
FG eyes 2.5 million barrels daily oil production
Brent, the global standard for crude oil, experienced an upswing in price over the last three days, surpassing…
Kolmani Oil Exploration To Resume This Month – Senator Buba
Lawmaker representing Bauchi South Senatorial District, Shehu Umar Buba, has said Nigerian National Petroleum Corporation (NNPC) will resume…
Nigeria’s crude oil production jumps to 1.4mb/d in December-OPEC
For the month of December, Nigeria’s average daily crude oil production reached 1.418 million barrels from the 1.31…
Nigeria to produce 1.5 million bpd of oil in 2024 – OPEC
Nigeria will produce 1.5 million barrels per day of oil in 2024. This is according to a November…
Foreign companies lifting crude oil must comply with Nigeria’s tax laws – FIRS Chairman
The chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has charged non-domestic companies shipping crude oil from Nigeria…
Why Nigeria Must Stop Depending On Crude Oil – Emefiele
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that Nigeria must discontinue its…
Oil Price Falls To $11 Per Barrel
Oil prices crashed on Monday, as storage space ran low for the glut of crude no longer needed…