Tag: Crude Oil

In the midst of an ongoing crisis, Dangote Refinery has disclosed that it is planning to import crude oil from Brazil and America since the Nigeria National Petroleum Company Limited, ...

Nigerian crude oil prices surged in the latest trading session amidst speculation of a potential direct attack on Iran by Israel over the weekend, escalating tensions in the Middle East. ...

Early Asian trading witnessed a surge in oil prices as optimism waned concerning potential ceasefire negotiations between Israel and Hamas, amplifying tensions in the Middle East. Brent crude futures ascended ...

In London trade on Monday, Nigerian oil margins per barrel saw a slight uptick, continuing the upward trajectory initiated last week. Prices surged by nearly 4% amidst concerns over supply ...

Nigerian Army forces, under the leadership of Brigadier General Eddie Effiong, have recently made significant strides in combating the rampant issue of crude oil theft plaguing the region, particularly in ...

The International Energy Agency (IEA) has forecasted a decline in global crude oil demand for the fourth quarter of 2023, slipping to 101.7 million barrels per day (mb/d). The agency ...

Nigeria experienced a decline in crude oil production, reaching 1.4 million barrels per day, as reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The data disclosed a total production ...

In the initial five months of Asiwaju Bola Ahmed Tinubu's presidency, Nigeria experienced a noteworthy 10% increase in crude oil output, climbing by 131,926 barrels per day, according to data ...

The richest man in Africa, Aliko Dangote, has announced that his refinery would soon start processing gasoline after obtaining a licence to refine over 300,000 barrels of Nigerian crude oil ...

Nigeria's position as Africa's top crude oil producer has been officially restored, as Angola, the continent's top competitor, has seen subsequent drops in production figures. According to the most recent ...