Nigeria, six other countries drop in crude oil production – OPEC
The Organisation of the Petroleum Exporting Countries, OPEC, has released a fresh report on crude oil production of its member ...
Tag: Crude oil
Why Nigeria’s crude oil should be priced in Naira – Experts
In the face of the weakening Naira, Okechukwu Unegbu, a finance expert has suggested that Nigeria’s major revenue resource, crude ...
Navy uncovers illegal crude oil market in Rivers
The Nigeria Navy has uncovered an illegal crude oil market in Rivers, where oil thieves traded adulterated petroleum products. The ...
Nigeria may spend N6trn on fuel subsidy in 2022 – IMF
The International Monetary Fund (IMF) has said that Nigeria's spending on fuel subsidy may hit N6 trillion by the end ...
Oil theft: Nigeria loses N556bn in 3 months – Report
Nigeria lost crude oil valued at about N556bn between August and October 2021 due to pipeline vandalism and sabotage of ...
Oil prices fall 4% over rising cases of Omicron variant
Crude oil prices on Monday fell by four percent over rising cases of the Omicron coronavirus variant in Europe and ...
Nigeria’s oil reserves drop by 543m barrels – OPEC
Nigeria's crude oil reserves have dropped by at least 543 million barrels, from 37,453 million barrels in 2016 to 36,910 ...
FG sets up panel to recover illegally-refined crude oil
An inter-ministerial committee has been inaugurated by the Federal Government to tackle the illegal refining of crude oil in the ...
Nigeria’s oil production falls below OPEC quota
A report from the Organisation of Petroleum Exporting Countries (OPEC) has shown that Nigeria’s crude oil production fell by 6.68 ...
$2.77billion crude oil stolen in Nigeria in 2019 – Report
Nigeria lost 42.25 million barrels of crude oil valued at $2.77 billion dollars to oil theft in 2019, the Nigeria ...