crude oil – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Tue, 26 May 2026 11:07:07 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png crude oil – InfoStride News https://www.theinfostride.com 32 32 FG Reports 67.6 Million Barrels of Crude Supplied to Domestic Refineries https://www.theinfostride.com/fg-reports-67-6-million-barrels-of-crude-supplied-to-domestic-refineries/ https://www.theinfostride.com/fg-reports-67-6-million-barrels-of-crude-supplied-to-domestic-refineries/#respond Tue, 26 May 2026 11:10:24 +0000 https://www.theinfostride.com/?p=467045 The Federal Government has disclosed that Nigeria’s domestic refineries received a total of 67.6 million barrels of crude oil within the past year, underscoring ongoing efforts to strengthen local refining capacity and reduce reliance on imported petroleum products. The figure reflects both state-owned and private refinery allocations as the government intensifies its push to achieve [...]

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]]> https://www.theinfostride.com/fg-reports-67-6-million-barrels-of-crude-supplied-to-domestic-refineries/feed/ 0 US Crude Purchases Generate $2.21bn for Nigeria https://www.theinfostride.com/us-crude-purchases-generate-2-21bn-for-nigeria/ https://www.theinfostride.com/us-crude-purchases-generate-2-21bn-for-nigeria/#respond Tue, 26 May 2026 10:20:19 +0000 https://www.theinfostride.com/?p=466975 Nigeria has recorded a significant boost in its foreign earnings after generating about $2.21 billion from crude oil exports to the United States, marking one of the strongest revenue flows in recent years from its transatlantic trade. The development comes amid shifting global energy dynamics and renewed efforts by Nigeria to consolidate its market share [...]

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]]> https://www.theinfostride.com/us-crude-purchases-generate-2-21bn-for-nigeria/feed/ 0 Nigeria Achieves 96% of OPEC Oil Production Quota in August https://www.theinfostride.com/nigeria-achieves-96-of-opec-oil-production-quota-in-august/ https://www.theinfostride.com/nigeria-achieves-96-of-opec-oil-production-quota-in-august/#respond Tue, 26 May 2026 10:10:42 +0000 https://www.theinfostride.com/?p=466934 Nigeria’s crude oil production reached a major milestone in August 2025, as the country achieved 96 percent of its Organization of Petroleum Exporting Countries (OPEC) production quota. This marks one of the strongest outputs in recent months and highlights the government’s ongoing efforts to stabilize production, curb theft, and restore confidence in the oil sector. [...]

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]]> https://www.theinfostride.com/nigeria-achieves-96-of-opec-oil-production-quota-in-august/feed/ 0 Crude, other constraints limit Nigeria’s refining capacity 62% – FG https://www.theinfostride.com/crude-other-constraints-limit-nigerias-refining-capacity-62-fg/ https://www.theinfostride.com/crude-other-constraints-limit-nigerias-refining-capacity-62-fg/#respond Thu, 19 Mar 2026 07:04:21 +0000 https://www.theinfostride.com/?p=472610 The Federal Government has disclosed that Nigeria’s refining capacity remains hampered by multiple structural and operational constraints, with crude supply shortages identified as the most significant factor limiting utilisation by as much as 62 per cent. This revelation highlights the persistent challenges undermining the nation’s long-standing ambition to achieve self-sufficiency in petroleum product refining and [...]

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]]> https://www.theinfostride.com/crude-other-constraints-limit-nigerias-refining-capacity-62-fg/feed/ 0 Nigeria exports $2.57bn crude to US, highest in Africa https://www.theinfostride.com/nigeria-exports-2-57bn-crude-to-us-highest-in-africa/ https://www.theinfostride.com/nigeria-exports-2-57bn-crude-to-us-highest-in-africa/#respond Thu, 19 Mar 2026 07:00:38 +0000 https://www.theinfostride.com/?p=472599 Nigeria has emerged as the leading African exporter of crude oil to the United States, recording shipments valued at $2.57bn within the first ten months of the year. The development marks a significant boost for Africa’s largest oil producer, reaffirming its position as a dominant player in the global energy market despite persistent domestic production [...]

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]]> https://www.theinfostride.com/nigeria-exports-2-57bn-crude-to-us-highest-in-africa/feed/ 0 Dangote Refinery Halts Naira-Based Petrol Sales Amid Market Adjustments https://www.theinfostride.com/dangote-refinery-halts-naira-based-petrol-sales-amid-market-adjustments/ https://www.theinfostride.com/dangote-refinery-halts-naira-based-petrol-sales-amid-market-adjustments/#respond Wed, 25 Feb 2026 16:32:24 +0000 https://www.theinfostride.com/?p=467497 The Dangote Petroleum Refinery has temporarily suspended the sale of petrol in naira, a move that has generated intense discussions across Nigeria’s energy and financial sectors. The decision, confirmed by industry sources late Wednesday, marks a major shift in the way the refinery engages with marketers and could have far-reaching implications for fuel supply, pricing, [...]

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]]> https://www.theinfostride.com/dangote-refinery-halts-naira-based-petrol-sales-amid-market-adjustments/feed/ 0 Nigeria’s Oil Valued at N341tn Trapped in Untapped Fields — Report https://www.theinfostride.com/nigerias-oil-valued-at-n341tn-trapped-in-untapped-fields-report/ https://www.theinfostride.com/nigerias-oil-valued-at-n341tn-trapped-in-untapped-fields-report/#respond Wed, 25 Feb 2026 10:54:16 +0000 https://www.theinfostride.com/?p=465500 A new industry report has revealed that Nigeria has an estimated ₦341 trillion worth of crude oil resources lying idle in undeveloped fields, raising concerns over missed opportunities for revenue generation, foreign investment, and energy security. The findings underscore the urgency for the government and industry stakeholders to take decisive action in unlocking these stranded [...]

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]]> https://www.theinfostride.com/nigerias-oil-valued-at-n341tn-trapped-in-untapped-fields-report/feed/ 0 Nigeria’s Crude Production Averages 1.46mbpd, Falls Short of OPEC Target https://www.theinfostride.com/nigerias-crude-production-averages-1-46mbpd-falls-short-of-opec-target/ https://www.theinfostride.com/nigerias-crude-production-averages-1-46mbpd-falls-short-of-opec-target/#respond Tue, 24 Feb 2026 14:55:39 +0000 https://www.theinfostride.com/?p=474595 Nigeria’s crude oil output averaged about 1.46 million barrels per day, remaining below the production benchmark allocated by the Organisation of the Petroleum Exporting Countries, according to recent industry data. The shortfall highlights persistent operational and structural challenges in the country’s upstream oil sector, despite ongoing efforts to boost production and meet OPEC targets. The [...]

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]]> https://www.theinfostride.com/nigerias-crude-production-averages-1-46mbpd-falls-short-of-opec-target/feed/ 0 NNPCL Posts ₦502bn November Profit Despite Decline in Crude Production https://www.theinfostride.com/nnpcl-posts-%e2%82%a6502bn-november-profit-despite-decline-in-crude-production/ https://www.theinfostride.com/nnpcl-posts-%e2%82%a6502bn-november-profit-despite-decline-in-crude-production/#respond Tue, 24 Feb 2026 14:42:46 +0000 https://www.theinfostride.com/?p=474587 The Nigerian National Petroleum Company Limited has reported a profit of ₦502 billion for November, even as the country’s crude oil production declined during the period. The performance highlights the company’s improved financial position following ongoing reforms in the oil and gas sector, despite operational challenges affecting upstream output. According to the national oil company, [...]

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]]> https://www.theinfostride.com/nnpcl-posts-%e2%82%a6502bn-november-profit-despite-decline-in-crude-production/feed/ 0 FG Hails Milestones of Naira-for-Crude Deal https://www.theinfostride.com/fg-hails-milestones-of-naira-for-crude-deal/ https://www.theinfostride.com/fg-hails-milestones-of-naira-for-crude-deal/#respond Mon, 12 Jan 2026 22:45:38 +0000 https://www.theinfostride.com/?p=410283 The Nigerian government has lauded the progress of its Naira-for-Crude initiative, a strategic policy aimed at enhancing the value of the naira, bolstering local refining capacities, and reducing the nation’s reliance on foreign exchange for petroleum transactions. Policy Overview Launched on October 1, 2024, the Naira-for-Crude deal permits local refineries, notably the Dangote Petroleum Refinery, [...]

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]]> https://www.theinfostride.com/fg-hails-milestones-of-naira-for-crude-deal/feed/ 0 Nigeria’s Refineries Operate at 42% Capacity Amid Crude Oil Shortages https://www.theinfostride.com/nigerias-refineries-operate-at-42-capacity-amid-crude-oil-shortages/ https://www.theinfostride.com/nigerias-refineries-operate-at-42-capacity-amid-crude-oil-shortages/#respond Mon, 12 Jan 2026 20:48:44 +0000 https://www.theinfostride.com/?p=410367 Nigeria’s domestic refineries are operating at just 42% of their combined capacity due to severe crude oil supply shortages, industry data has revealed. The development comes despite recent government efforts to revive the country’s refining sector and reduce dependence on fuel imports. **Key Details:** – The nation’s three main refineries in Port Harcourt, Warri, and [...]

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]]> https://www.theinfostride.com/nigerias-refineries-operate-at-42-capacity-amid-crude-oil-shortages/feed/ 0 Nigeria Exports $1.88bn Worth of Crude Oil to US Amid Falling Demand https://www.theinfostride.com/nigeria-exports-1-88bn-worth-of-crude-oil-to-us-amid-falling-demand/ https://www.theinfostride.com/nigeria-exports-1-88bn-worth-of-crude-oil-to-us-amid-falling-demand/#respond Thu, 25 Dec 2025 10:27:59 +0000 https://www.theinfostride.com/?p=466032 Nigeria has exported crude oil valued at $1.88 billion to the United States in the first half of the year, even as overall demand for the commodity from the world’s largest economy shows signs of decline. The latest trade figures reveal that while the U.S. remains one of Nigeria’s key crude destinations, the volume of [...]

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]]> https://www.theinfostride.com/nigeria-exports-1-88bn-worth-of-crude-oil-to-us-amid-falling-demand/feed/ 0 Dangote Refinery Boosts Output to 610,000bpd, Approaches Full Operational Capacity https://www.theinfostride.com/dangote-refinery-boosts-output-to-610000bpd-approaches-full-operational-capacity/ https://www.theinfostride.com/dangote-refinery-boosts-output-to-610000bpd-approaches-full-operational-capacity/#respond Thu, 25 Dec 2025 10:22:14 +0000 https://www.theinfostride.com/?p=465703 The Dangote Petroleum Refinery has ramped up its crude oil processing capacity to 610,000 barrels per day (bpd), bringing the facility closer to its full operational potential and signaling a major step toward energy self-sufficiency in Nigeria. Industry officials and analysts have described the development as a significant boost to the nation’s refining capabilities, reducing [...]

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]]> https://www.theinfostride.com/dangote-refinery-boosts-output-to-610000bpd-approaches-full-operational-capacity/feed/ 0 MTEF Dispute: National Assembly Divided Over Crude Oil Price Benchmark https://www.theinfostride.com/mtef-dispute-national-assembly-divided-over-crude-oil-price-benchmark/ https://www.theinfostride.com/mtef-dispute-national-assembly-divided-over-crude-oil-price-benchmark/#respond Fri, 19 Dec 2025 14:55:55 +0000 https://www.theinfostride.com/?p=473786 A disagreement between the House of Representatives and the Senate over the appropriate crude oil price benchmark has emerged as a major point of contention in the consideration of Nigeria’s 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). The divergence has raised concerns over fiscal planning coherence as the Federal Government prepares to present [...]

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]]> https://www.theinfostride.com/mtef-dispute-national-assembly-divided-over-crude-oil-price-benchmark/feed/ 0 Global Oversupply Leaves Nigerian Crude Unsold Amid Market Glut https://www.theinfostride.com/global-oversupply-leaves-nigerian-crude-unsold-amid-market-glut/ https://www.theinfostride.com/global-oversupply-leaves-nigerian-crude-unsold-amid-market-glut/#respond Fri, 19 Dec 2025 14:41:31 +0000 https://www.theinfostride.com/?p=473774 Nigeria’s crude oil industry is facing a fresh challenge as reports indicate that large volumes of Nigerian crude remain unsold, driven largely by global oversupply and market imbalances. Industry analysts warn that this situation could impact federal revenues, affect cash flow for oil companies, and complicate government budgeting plans for 2026. The persistent oversupply in [...]

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]]> https://www.theinfostride.com/global-oversupply-leaves-nigerian-crude-unsold-amid-market-glut/feed/ 0 Federal Government Records ₦12.81 Trillion Revenue from Crude Oil Exports in Third Quarter https://www.theinfostride.com/federal-government-records-%e2%82%a612-81-trillion-revenue-from-crude-oil-exports-in-third-quarter/ https://www.theinfostride.com/federal-government-records-%e2%82%a612-81-trillion-revenue-from-crude-oil-exports-in-third-quarter/#respond Tue, 16 Dec 2025 14:32:13 +0000 https://www.theinfostride.com/?p=473607 The Federal Government generated ₦12.81 trillion from crude oil exports in the third quarter of the year, underscoring the continued importance of oil revenue to Nigeria’s fiscal position despite ongoing efforts to diversify the economy. Reports by Punch and other Nigerian news outlets indicate that the figure was released by the National Bureau of Statistics [...]

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]]> https://www.theinfostride.com/federal-government-records-%e2%82%a612-81-trillion-revenue-from-crude-oil-exports-in-third-quarter/feed/ 0 Nigeria’s Crude Imports from the United States Jump Sharply as Export Volumes Rise by Over 150% https://www.theinfostride.com/nigerias-crude-imports-from-the-united-states-jump-sharply-as-export-volumes-rise-by-over-150/ https://www.theinfostride.com/nigerias-crude-imports-from-the-united-states-jump-sharply-as-export-volumes-rise-by-over-150/#respond Sun, 14 Dec 2025 14:15:57 +0000 https://www.theinfostride.com/?p=473491 Crude oil exports from the United States to Nigeria have recorded a dramatic surge of about 153 per cent, reflecting shifting trade patterns in the global energy market and Nigeria’s evolving crude supply dynamics. Recent reports by Nigerian news outlets indicate that the sharp increase is linked to refinery feedstock requirements, changing market economics, and [...]

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]]> https://www.theinfostride.com/nigerias-crude-imports-from-the-united-states-jump-sharply-as-export-volumes-rise-by-over-150/feed/ 0 Nigeria’s Crude Oil Production Increased by 35,000 Barrels Per Day in November, Report Shows https://www.theinfostride.com/nigerias-crude-oil-production-increased-by-35000-barrels-per-day-in-november-report-shows/ https://www.theinfostride.com/nigerias-crude-oil-production-increased-by-35000-barrels-per-day-in-november-report-shows/#respond Fri, 12 Dec 2025 13:23:43 +0000 https://www.theinfostride.com/?p=473343 Nigeria’s crude oil production recorded a notable increase of about 35,000 barrels per day (bpd) in November, according to a recent industry report highlighting gradual improvements in output despite lingering security and operational challenges in the oil-producing regions. The rise in production has renewed optimism about the country’s ability to sustain recovery in its upstream [...]

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]]> https://www.theinfostride.com/nigerias-crude-oil-production-increased-by-35000-barrels-per-day-in-november-report-shows/feed/ 0 Report Indicates Dangote Refinery Takes Delivery of Second Crude Oil Shipment from Ghana https://www.theinfostride.com/report-indicates-dangote-refinery-takes-delivery-of-second-crude-oil-shipment-from-ghana/ https://www.theinfostride.com/report-indicates-dangote-refinery-takes-delivery-of-second-crude-oil-shipment-from-ghana/#respond Fri, 12 Dec 2025 13:20:12 +0000 https://www.theinfostride.com/?p=473341 The Dangote Petroleum Refinery has reportedly received its second batch of crude oil from Ghana, marking another significant step in the refinery’s gradual ramp-up of operations as it continues to source feedstock from regional suppliers. The latest cargo, according to industry sources, underscores strengthening energy trade ties between Nigeria and Ghana while reflecting the refinery’s [...]

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]]> https://www.theinfostride.com/report-indicates-dangote-refinery-takes-delivery-of-second-crude-oil-shipment-from-ghana/feed/ 0 NNPC Settles $3bn Loan Using N991bn Worth of Crude – Report https://www.theinfostride.com/nnpc-settles-3bn-loan-using-n991bn-worth-of-crude-report/ https://www.theinfostride.com/nnpc-settles-3bn-loan-using-n991bn-worth-of-crude-report/#respond Sat, 06 Dec 2025 14:13:23 +0000 https://www.theinfostride.com/?p=472994 The Nigerian National Petroleum Company Limited (NNPC Ltd) has reportedly used crude oil valued at about N991 billion to service part of the $3 billion emergency loan it secured last year to stabilise the foreign exchange market and support its operational obligations. The latest findings, sourced from internal industry assessments and disclosures by officials familiar [...]

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]]> https://www.theinfostride.com/nnpc-settles-3bn-loan-using-n991bn-worth-of-crude-report/feed/ 0 Production Outages in Nigeria and Other Members Push OPEC Crude Output Down in November https://www.theinfostride.com/production-outages-in-nigeria-and-other-members-push-opec-crude-output-down-in-november/ https://www.theinfostride.com/production-outages-in-nigeria-and-other-members-push-opec-crude-output-down-in-november/#respond Sat, 06 Dec 2025 13:56:11 +0000 https://www.theinfostride.com/?p=472980 Crude oil production among OPEC member states declined in November, driven primarily by production outages in Nigeria and disruptions across other member nations. The reduction has raised concerns about global oil supply stability, even as international markets continue to monitor the effects of shifting production levels on crude prices and energy security. Analysts say the [...]

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]]> https://www.theinfostride.com/production-outages-in-nigeria-and-other-members-push-opec-crude-output-down-in-november/feed/ 0 Crude Earnings Plunge by 43% Despite Output Gain https://www.theinfostride.com/crude-earnings-plunge-by-43-despite-output-gain/ https://www.theinfostride.com/crude-earnings-plunge-by-43-despite-output-gain/#respond Mon, 10 Nov 2025 15:40:51 +0000 https://www.theinfostride.com/?p=471231 Nigeria’s earnings from crude oil and gas sales have declined sharply by about 43.3 per cent, even as the country recorded an increase in oil production, according to recent figures from the Budget Office of the Federation. The report revealed that gross profit from the crude and gas sector fell to ₦1.08 trillion in 2024, [...]

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]]> https://www.theinfostride.com/crude-earnings-plunge-by-43-despite-output-gain/feed/ 0 Senate Probes $300bn Crude Oil Losses https://www.theinfostride.com/senate-probes-300bn-crude-oil-losses/ https://www.theinfostride.com/senate-probes-300bn-crude-oil-losses/#respond Thu, 06 Nov 2025 15:51:46 +0000 https://www.theinfostride.com/?p=470967 The Nigerian Senate has launched an extensive investigation into the alleged loss of over $300 billion in crude oil revenue due to oil theft, pipeline vandalism, and under-declaration of exports over the past decade. The upper legislative chamber said the inquiry aims to identify key perpetrators, plug revenue leakages, and ensure accountability within the nation’s [...]

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]]> https://www.theinfostride.com/senate-probes-300bn-crude-oil-losses/feed/ 0 World Bank Forecasts Brent Crude Oil to Average $60 per Barrel Amid Global Supply Surge https://www.theinfostride.com/world-bank-forecasts-brent-crude-oil-to-average-60-per-barrel-amid-global-supply-surge/ https://www.theinfostride.com/world-bank-forecasts-brent-crude-oil-to-average-60-per-barrel-amid-global-supply-surge/#respond Wed, 05 Nov 2025 16:14:56 +0000 https://www.theinfostride.com/?p=470866 The World Bank has projected that Brent crude oil prices will average $60 per barrel in 2026, signalling a potential decline driven by increased global supply and slower demand growth. The forecast, contained in the Bank’s latest Commodity Markets Outlook report, suggests that oil markets are entering a period of relative stability after years of [...]

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]]> https://www.theinfostride.com/world-bank-forecasts-brent-crude-oil-to-average-60-per-barrel-amid-global-supply-surge/feed/ 0 PTI Warns African Nations Against Abandoning 125 Billion Barrels of Crude Reserves https://www.theinfostride.com/pti-warns-african-nations-against-abandoning-125-billion-barrels-of-crude-reserves/ https://www.theinfostride.com/pti-warns-african-nations-against-abandoning-125-billion-barrels-of-crude-reserves/#respond Tue, 21 Oct 2025 14:04:49 +0000 https://www.theinfostride.com/?p=469639 The Petroleum Training Institute (PTI) has urged African countries not to succumb to global pressure to abandon their crude oil reserves, warning that the continent risks jeopardising its economic stability and development prospects if it hastily transitions away from fossil fuels. Speaking during a recent regional energy conference, the PTI management emphasised that Africa’s estimated [...]

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]]> https://www.theinfostride.com/pti-warns-african-nations-against-abandoning-125-billion-barrels-of-crude-reserves/feed/ 0 Dangote Refinery Explains Crude Intake Reduction as Strategic Move Amid Price Volatility https://www.theinfostride.com/dangote-refinery-explains-crude-intake-reduction-as-strategic-move-amid-price-volatility/ https://www.theinfostride.com/dangote-refinery-explains-crude-intake-reduction-as-strategic-move-amid-price-volatility/#respond Sun, 19 Oct 2025 19:29:07 +0000 https://www.theinfostride.com/?p=469481 The Dangote Petroleum Refinery has clarified that its recent decision to scale down crude oil inflows is a deliberate, strategic response to ongoing fluctuations in global crude prices and domestic market dynamics. The management emphasized that the measure is aimed at ensuring operational efficiency and sustainability amid the current volatility in the oil market. According [...]

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]]> https://www.theinfostride.com/dangote-refinery-explains-crude-intake-reduction-as-strategic-move-amid-price-volatility/feed/ 0 Dangote Refinery significantly reduces the amount of crude oil it processes https://www.theinfostride.com/dangote-refinery-significantly-reduces-the-amount-of-crude-oil-it-processes/ https://www.theinfostride.com/dangote-refinery-significantly-reduces-the-amount-of-crude-oil-it-processes/#respond Fri, 17 Oct 2025 18:24:04 +0000 https://www.theinfostride.com/?p=469325 The Dangote Petroleum Refinery, Africa’s largest single-train refinery, has reportedly reduced its crude oil intake in recent weeks as part of an operational adjustment to optimize production efficiency and manage feedstock supply challenges. The move comes amid fluctuations in global oil prices and logistics issues affecting crude delivery from both local and international suppliers. According [...]

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]]> https://www.theinfostride.com/dangote-refinery-significantly-reduces-the-amount-of-crude-oil-it-processes/feed/ 0 Report says Nigeria produced 454 million barrels of oil in the first nine months https://www.theinfostride.com/report-says-nigeria-produced-454-million-barrels-of-oil-in-the-first-nine-months/ https://www.theinfostride.com/report-says-nigeria-produced-454-million-barrels-of-oil-in-the-first-nine-months/#respond Fri, 17 Oct 2025 16:53:39 +0000 https://www.theinfostride.com/?p=469314 Nigeria’s crude oil production has reached 454 million barrels within the first nine months of 2025, according to a new report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The report highlights a steady recovery in output following years of disruptions caused by oil theft, pipeline vandalism, and operational inefficiencies across key producing regions. Data [...]

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]]> https://www.theinfostride.com/report-says-nigeria-produced-454-million-barrels-of-oil-in-the-first-nine-months/feed/ 0 Nigeria’s Oil Output Falls to 1.39 Million Barrels Daily in September https://www.theinfostride.com/nigerias-oil-output-falls-to-1-39-million-barrels-daily-in-september/ https://www.theinfostride.com/nigerias-oil-output-falls-to-1-39-million-barrels-daily-in-september/#respond Tue, 14 Oct 2025 14:42:08 +0000 https://www.theinfostride.com/?p=469056 Nigeria’s crude oil production slipped to an average of 1.39 million barrels per day (mbpd) in September 2025, signaling a decline in the country’s upstream output and renewing concerns about the resilience of Africa’s largest oil producer. According to the latest data from the Organization of Petroleum Exporting Countries (OPEC), the figure represents a drop [...]

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]]> https://www.theinfostride.com/nigerias-oil-output-falls-to-1-39-million-barrels-daily-in-september/feed/ 0 Nigeria’s Oil and Condensate Output Falls to 1.5mbpd in September Amid Workers’ Strike Disruptions https://www.theinfostride.com/nigerias-oil-and-condensate-output-falls-to-1-5mbpd-in-september-amid-workers-strike-disruptions/ https://www.theinfostride.com/nigerias-oil-and-condensate-output-falls-to-1-5mbpd-in-september-amid-workers-strike-disruptions/#respond Sun, 12 Oct 2025 15:06:39 +0000 https://www.theinfostride.com/?p=468888 Nigeria’s crude oil and condensate production dropped to 1.5 million barrels per day (mbpd) in September 2025, marking one of the lowest output levels in recent months, as industrial action by oil workers and operational disruptions hit production across key oilfields.According to data obtained from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country’s total [...]

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]]> https://www.theinfostride.com/nigerias-oil-and-condensate-output-falls-to-1-5mbpd-in-september-amid-workers-strike-disruptions/feed/ 0 Tinubu Set to Commission $400m Crude Oil Export Terminal in Rivers https://www.theinfostride.com/tinubu-set-to-commission-400m-crude-oil-export-terminal-in-rivers/ https://www.theinfostride.com/tinubu-set-to-commission-400m-crude-oil-export-terminal-in-rivers/#respond Fri, 03 Oct 2025 15:25:22 +0000 https://www.theinfostride.com/?p=468160 President Bola Ahmed Tinubu is scheduled to inaugurate a newly built $400 million crude oil export terminal in Rivers State, a project expected to significantly boost Nigeria’s oil production and export capacity. The facility, described as one of the most ambitious onshore oil infrastructure projects in recent years, is expected to play a crucial role [...]

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]]> https://www.theinfostride.com/tinubu-set-to-commission-400m-crude-oil-export-terminal-in-rivers/feed/ 0 Nigeria’s Crude Oil Earnings Drop by N3.18tn Despite Surge in Output https://www.theinfostride.com/nigerias-crude-oil-earnings-drop-by-n3-18tn-despite-surge-in-output/ https://www.theinfostride.com/nigerias-crude-oil-earnings-drop-by-n3-18tn-despite-surge-in-output/#respond Mon, 15 Sep 2025 17:53:25 +0000 https://www.theinfostride.com/?p=466643 Nigeria’s oil sector is facing renewed concerns as fresh figures reveal that crude oil earnings declined by a staggering ₦3.18 trillion, even as production volumes recorded a notable surge. This paradox, industry experts say, underscores the structural weaknesses in Nigeria’s revenue model, which relies heavily on oil exports but remains vulnerable to global price volatility [...]

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]]> https://www.theinfostride.com/nigerias-crude-oil-earnings-drop-by-n3-18tn-despite-surge-in-output/feed/ 0 US Reduces Nigerian Crude Oil Imports by 40% Amid Shifts in Global Energy Market https://www.theinfostride.com/us-reduces-nigerian-crude-oil-imports-by-40-amid-shifts-in-global-energy-market/ https://www.theinfostride.com/us-reduces-nigerian-crude-oil-imports-by-40-amid-shifts-in-global-energy-market/#respond Sun, 14 Sep 2025 10:28:27 +0000 https://www.theinfostride.com/?p=466575 The United States has slashed its crude oil imports from Nigeria by as much as 40 percent, a development that is sending ripples through Africa’s largest oil-producing nation and raising new concerns about the stability of its foreign exchange inflows. The reduction, attributed to a combination of rising domestic production in the US, changing global [...]

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]]> https://www.theinfostride.com/us-reduces-nigerian-crude-oil-imports-by-40-amid-shifts-in-global-energy-market/feed/ 0 Nigeria Records Lowest Crude Oil Losses in 16 Years, Says NUPRC https://www.theinfostride.com/nigeria-records-lowest-crude-oil-losses-in-16-years-says-nuprc/ https://www.theinfostride.com/nigeria-records-lowest-crude-oil-losses-in-16-years-says-nuprc/#respond Sat, 13 Sep 2025 18:20:24 +0000 https://www.theinfostride.com/?p=466552 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the country’s crude oil losses have dropped to their lowest level in 16 years, with daily losses now averaging just 9,600 barrels per day. The milestone represents a significant breakthrough in efforts to curb theft, sabotage, and pipeline vandalism, issues that have historically plagued Nigeria’s [...]

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]]> https://www.theinfostride.com/nigeria-records-lowest-crude-oil-losses-in-16-years-says-nuprc/feed/ 0 Nigeria Records Lowest Level of Crude Oil Theft Since 2009, Industry Monitors Say https://www.theinfostride.com/nigeria-records-lowest-level-of-crude-oil-theft-since-2009-industry-monitors-say/ https://www.theinfostride.com/nigeria-records-lowest-level-of-crude-oil-theft-since-2009-industry-monitors-say/#respond Fri, 12 Sep 2025 08:25:52 +0000 https://www.theinfostride.com/?p=466481 Nigeria’s oil sector has achieved a significant milestone as recent data indicates that crude oil theft has dropped to its lowest level since 2009. This development comes as a major relief for Africa’s largest crude producer, which has long grappled with the twin challenges of oil theft and pipeline vandalism that have undermined production, revenues, [...]

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]]> https://www.theinfostride.com/nigeria-records-lowest-level-of-crude-oil-theft-since-2009-industry-monitors-say/feed/ 0 India Purchases Nigerian Crude While Dangote Imports US Oil https://www.theinfostride.com/india-purchases-nigerian-crude-while-dangote-imports-us-oil/ https://www.theinfostride.com/india-purchases-nigerian-crude-while-dangote-imports-us-oil/#respond Mon, 11 Aug 2025 17:41:53 +0000 https://www.theinfostride.com/?p=464700 India has resumed large-scale purchases of Nigerian crude oil, even as the Dangote Petroleum Refinery in Lagos has begun importing significant volumes of crude from the United States to feed its operations. The development underscores shifting dynamics in Nigeria’s oil trade, shaped by global market trends, refining capacity challenges, and strategic sourcing decisions. According to [...]

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]]> https://www.theinfostride.com/india-purchases-nigerian-crude-while-dangote-imports-us-oil/feed/ 0 NSCDC Impounds Truck Loaded With Stolen Crude Oil in Port Harcourt https://www.theinfostride.com/nscdc-impounds-truck-loaded-with-stolen-crude-oil-in-port-harcourt/ https://www.theinfostride.com/nscdc-impounds-truck-loaded-with-stolen-crude-oil-in-port-harcourt/#respond Mon, 31 Mar 2025 12:00:14 +0000 https://www.theinfostride.com/?p=406949 The Commandant General’s Special Intelligence Squad (CG’S SIS) of the Nigeria Security and Civil Defence Corps (NSCDC) has impounded a long caravan truck with an in-built tank fully loaded with stolen crude oil in Port Harcourt, Rivers State. National Public Relations Officer of the NSCDC, CSC Afolabi Babawale, confirmed the development in a statement on [...]

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]]> https://www.theinfostride.com/nscdc-impounds-truck-loaded-with-stolen-crude-oil-in-port-harcourt/feed/ 0 Dangote Resumes US Crude Oil Purchases After Three-Month Pause https://www.theinfostride.com/dangote-resumes-us-crude-oil-purchases-after-three-month-pause/ https://www.theinfostride.com/dangote-resumes-us-crude-oil-purchases-after-three-month-pause/#respond Thu, 21 Nov 2024 09:40:06 +0000 https://www.theinfostride.com/?p=395134 Dangote Refinery has resumed the purchase of crude oil from the United States after a three-month hiatus, signaling a significant shift in the company’s sourcing strategy. The decision to restart US crude imports follows the resumption of production at Dangote’s refinery and a broader strategy to diversify the company’s crude oil supply sources. This move [...]

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]]> https://www.theinfostride.com/dangote-resumes-us-crude-oil-purchases-after-three-month-pause/feed/ 0 Crude Supply to Forcados Terminal Disrupted by Vandals https://www.theinfostride.com/crude-supply-to-forcados-terminal-disrupted-by-vandals/ https://www.theinfostride.com/crude-supply-to-forcados-terminal-disrupted-by-vandals/#respond Sun, 27 Oct 2024 11:07:58 +0000 https://www.theinfostride.com/?p=392141 Nigeria’s oil industry faces another setback as vandals have interrupted crude supply to the Forcados terminal, a key export hub in the Niger Delta region. This act of sabotage has led to a temporary halt in crude flow, sparking renewed concerns over the security of oil infrastructure in Nigeria. Forcados Terminal: A Strategic Export Hub [...]

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]]> https://www.theinfostride.com/crude-supply-to-forcados-terminal-disrupted-by-vandals/feed/ 0 House of Representatives Vows Crackdown on Oil Saboteurs https://www.theinfostride.com/house-of-representatives-vows-crackdown-on-oil-saboteurs/ https://www.theinfostride.com/house-of-representatives-vows-crackdown-on-oil-saboteurs/#respond Fri, 16 Aug 2024 11:00:04 +0000 https://www.theinfostride.com/?p=387195 The House of Representatives’ Special Committee on Crude Oil Thefts has delivered a stern warning to individuals involved in the sabotage of Nigeria’s oil industry, declaring that those responsible will face the full force of the law. The committee, chaired by Alhaji Ado Alhassan Doguwa, emphasised the seriousness of the issue, highlighting the damaging impact [...]

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]]> https://www.theinfostride.com/house-of-representatives-vows-crackdown-on-oil-saboteurs/feed/ 0 Nigerian crude oil sells $7.72 above budget benchmark price in Q1, 2024 https://www.theinfostride.com/nigerian-crude-oil-sells-7-72-above-budget-benchmark-price-in-q1-2024/ https://www.theinfostride.com/nigerian-crude-oil-sells-7-72-above-budget-benchmark-price-in-q1-2024/#respond Wed, 24 Jul 2024 08:24:34 +0000 https://www.theinfostride.com/?p=384750 The average spot price of Nigeria reference crude oil (bonny light) stood at $85.68 in the first quarter of 2024- $7.72 above the benchmark price in the 2024 appropriation act which is $77.96.   This is according to data gleaned from the Central Bank of Nigeria (CBN) statistical bulletin in the first quarter of 2024.   According [...]

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]]> https://www.theinfostride.com/nigerian-crude-oil-sells-7-72-above-budget-benchmark-price-in-q1-2024/feed/ 0 Dangote Refinery: ‘Non-availability of crude oil’ to domestic refineries affecting fuel quality in Nigeria – Lawmakers https://www.theinfostride.com/dangote-refinery-non-availability-of-crude-oil-to-domestic-refineries-affecting-fuel-quality-in-nigeria-lawmakers/ https://www.theinfostride.com/dangote-refinery-non-availability-of-crude-oil-to-domestic-refineries-affecting-fuel-quality-in-nigeria-lawmakers/#respond Wed, 24 Jul 2024 08:13:41 +0000 https://www.theinfostride.com/?p=384746 The House of Representatives Joint Committee on Midstream and Downstream has said that the allegation of non-availability and non-supply of crude oil to domestic refineries in Nigeria raises concern about the quality of fuel in Nigerian markets.   Chairman of the joint Committee of the House, Ikenga Imo Ugochinyere, disclosed this to newsmen in Abuja.   The [...]

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]]> https://www.theinfostride.com/dangote-refinery-non-availability-of-crude-oil-to-domestic-refineries-affecting-fuel-quality-in-nigeria-lawmakers/feed/ 0 Nigerians Place Their Hopes on Dangote Refinery’s Success https://www.theinfostride.com/nigerians-place-their-hopes-on-dangote-refinerys-success/ https://www.theinfostride.com/nigerians-place-their-hopes-on-dangote-refinerys-success/#respond Mon, 22 Jul 2024 21:49:46 +0000 https://www.theinfostride.com/?p=384343 In the deeply religious city of Kano in northern Nigeria, a unique prayer session was held a few months ago. This gathering was organised to seek divine favour for the success of a significant industrial venture – the new Dangote Petroleum Refinery, which is set to start producing petrol next month. While it might seem [...]

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]]> https://www.theinfostride.com/nigerians-place-their-hopes-on-dangote-refinerys-success/feed/ 0 Nigerian Navy Destroys Crude Oil Thieves’ Camp, Arrests Two Suspects in Rivers State https://www.theinfostride.com/nigerian-navy-destroys-crude-oil-thieves-camp-arrests-two-suspects-in-rivers-state/ https://www.theinfostride.com/nigerian-navy-destroys-crude-oil-thieves-camp-arrests-two-suspects-in-rivers-state/#respond Mon, 22 Jul 2024 21:00:44 +0000 https://www.theinfostride.com/?p=384586 The Nigerian Navy has announced that its Quick Response Team of the Forward Operating Base Bonny, under Operation DELTA SANITY, has destroyed a camp of suspected crude oil thieves and arrested two suspects in Bonny, Rivers State. The Director of Information, Naval Headquarters, Commodore A. Adams-Aliu, disclosed this in a statement. “The Quick Response Team [...]

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]]> https://www.theinfostride.com/nigerian-navy-destroys-crude-oil-thieves-camp-arrests-two-suspects-in-rivers-state/feed/ 0 Nigeria Pumps Up Oil Production: 159 Million Barrels in Four Months https://www.theinfostride.com/nigeria-pumps-up-oil-production-159-million-barrels-in-four-months/ https://www.theinfostride.com/nigeria-pumps-up-oil-production-159-million-barrels-in-four-months/#respond Fri, 24 May 2024 21:51:33 +0000 https://www.theinfostride.com/?p=378805 Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that Nigeria produced 159,158,191 barrels of crude oil in the first four months of 2024. According to the NUPRC data, the breakdown of crude oil production from January to April is as follows: – In January, 44.2 million barrels were produced, with an average [...]

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]]> https://www.theinfostride.com/nigeria-pumps-up-oil-production-159-million-barrels-in-four-months/feed/ 0 EFCC Arraigns Five Over Illegal Petroleum Dealings https://www.theinfostride.com/efcc-arraigns-five-over-illegal-petroleum-dealings/ https://www.theinfostride.com/efcc-arraigns-five-over-illegal-petroleum-dealings/#respond Sun, 14 Apr 2024 21:00:04 +0000 https://www.theinfostride.com/?p=375818 The Economic and Financial Crimes Commission (EFCC) on Monday arraigned five individuals before a Federal High Court in Lagos over an illegal deal involving petroleum products. The defendants, including a vessel named Mt Vinnalaris, Azeez Abubakar, Wisdom Borborley, Samuel Akpan, and Freedom Otuagoma, appeared before Justice Chukwujekwu Aneke on two counts bordering on unlawful dealings [...]

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]]> https://www.theinfostride.com/efcc-arraigns-five-over-illegal-petroleum-dealings/feed/ 0 Nigeria’s Crude Oil Production Hits 1.4 Million Barrels per Day in December, Reports OPEC https://www.theinfostride.com/nigerias-crude-oil-production-hits-1-4-million-barrels-per-day-in-december-reports-opec/ https://www.theinfostride.com/nigerias-crude-oil-production-hits-1-4-million-barrels-per-day-in-december-reports-opec/#respond Wed, 17 Jan 2024 21:20:00 +0000 https://www.theinfostride.com/?p=367672 Nigeria’s crude oil production experienced a notable increase, reaching 1.4 million barrels per day in December, according to data from the Organization of the Petroleum Exporting Countries (OPEC). This surge in production reflects positive developments in the country’s oil sector and may have implications for Nigeria’s economic outlook and its position in the global oil [...]

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]]> https://www.theinfostride.com/nigerias-crude-oil-production-hits-1-4-million-barrels-per-day-in-december-reports-opec/feed/ 0 Nigeria’s November 2023 Crude Oil Output Dips to 1.4 Million Barrels Daily https://www.theinfostride.com/nigerias-november-2023-crude-oil-output-dips-to-1-4-million-barrels-daily/ https://www.theinfostride.com/nigerias-november-2023-crude-oil-output-dips-to-1-4-million-barrels-daily/#respond Tue, 12 Dec 2023 11:54:02 +0000 https://www.theinfostride.com/?p=364076 In November 2023, Nigeria experienced a significant decline in crude oil production, dropping to 1.4 million barrels per day, according to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), as reported by Infostride News. The detailed breakdown of the data indicates that the total production for the highlighted month, including condensate production, amounted [...]

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]]> https://www.theinfostride.com/nigerias-november-2023-crude-oil-output-dips-to-1-4-million-barrels-daily/feed/ 0 Nigeria-Dubai Non-Oil Trade Surges to $2.1 Billion in 2022 https://www.theinfostride.com/nigeria-dubai-non-oil-trade-surges-to-2-1-billion-in-2022/ https://www.theinfostride.com/nigeria-dubai-non-oil-trade-surges-to-2-1-billion-in-2022/#respond Thu, 30 Nov 2023 21:09:48 +0000 https://www.theinfostride.com/?p=362982 The head of Dubai Chamber, Mohammad Lootah, revealed that the non-oil bilateral trade between Nigeria and Dubai hit $2.1 billion in 2022 during the New Horizons Trade Mission in Nigeria. This event, titled “Doing Business with Nigeria,” took place in Lagos in collaboration with the Lagos Chamber of Commerce. Lootah emphasized that establishing a presence [...]

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]]> https://www.theinfostride.com/nigeria-dubai-non-oil-trade-surges-to-2-1-billion-in-2022/feed/ 0 NNPCL Reports: Nigeria Faces Surge with 226 Crude Oil Thefts in a Week https://www.theinfostride.com/nnpcl-reports-nigeria-faces-surge-with-226-crude-oil-thefts-in-a-week/ https://www.theinfostride.com/nnpcl-reports-nigeria-faces-surge-with-226-crude-oil-thefts-in-a-week/#respond Tue, 28 Nov 2023 15:01:17 +0000 https://www.theinfostride.com/?p=362443 In the span of one week, from November 18 to 24, Nigeria experienced a staggering 226 incidents of crude oil theft, as revealed by data from the official X account of the Nigerian National Petroleum Company Limited (NNPCL), now reported by InfoStride News. During this period, illicit activities were rampant across various oil-producing states, with [...]

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