Nigeria’s domestic refineries are operating at just 42% of their combined capacity due to severe crude oil supply shortages, industry…
Browsing: crude oil
Nigeria’s crude oil output averaged about 1.46 million barrels per day, remaining below the production benchmark allocated by the Organisation…
The Nigerian National Petroleum Company Limited has reported a profit of ₦502 billion for November, even as the country’s crude…
A new industry report has revealed that Nigeria has an estimated ₦341 trillion worth of crude oil resources lying idle…
Nigeria has exported crude oil valued at $1.88 billion to the United States in the first half of the year,…
The Dangote Petroleum Refinery has ramped up its crude oil processing capacity to 610,000 barrels per day (bpd), bringing the…
The Dangote Petroleum Refinery has temporarily suspended the sale of petrol in naira, a move that has generated intense discussions…
A disagreement between the House of Representatives and the Senate over the appropriate crude oil price benchmark has emerged as…
Nigeria’s crude oil industry is facing a fresh challenge as reports indicate that large volumes of Nigerian crude remain unsold,…
The Federal Government generated ₦12.81 trillion from crude oil exports in the third quarter of the year, underscoring the continued…
Crude oil exports from the United States to Nigeria have recorded a dramatic surge of about 153 per cent, reflecting…
Nigeria’s crude oil production recorded a notable increase of about 35,000 barrels per day (bpd) in November, according to a…
The Dangote Petroleum Refinery has reportedly received its second batch of crude oil from Ghana, marking another significant step in…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reportedly used crude oil valued at about N991 billion to service…
Crude oil production among OPEC member states declined in November, driven primarily by production outages in Nigeria and disruptions across…
The Federal Government has disclosed that Nigeria’s refining capacity remains hampered by multiple structural and operational constraints, with crude supply…
Nigeria has emerged as the leading African exporter of crude oil to the United States, recording shipments valued at $2.57bn…
Nigeria’s earnings from crude oil and gas sales have declined sharply by about 43.3 per cent, even as the country…
The Nigerian Senate has launched an extensive investigation into the alleged loss of over $300 billion in crude oil revenue…
The World Bank has projected that Brent crude oil prices will average $60 per barrel in 2026, signalling a potential…