Nigeria has recently adopted a new approach for transporting some of its oil, opting for small river vessels instead of…
Browsing: crude oil
In the most recent monthly report released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the nation’s average oil production…
Globally, subsidies, whether for food, transportation, energy or housing, are part of good governance. So, the issue is not subsidies…
Royal Dutch Shell on Wednesday established that it has declared “force majeure” on exports of Nigerian Forcados crude oil after…
The World Bank has established that Nigeria is not fully benefitting from the current oil boom. This was made known…
Oil prices are bullish in the Asian session today, as the worry of a potential coordinated release of crude reserves…
Crude oil prices reduces as the Organisation of the Petroleum Exporting Countries and its allies known as OPEC+ collaborates to…
China ordered miners in Inner Mongolia to ramp up coal production and oil prices jumped on Friday as a record…
Selling above $75 dollar per barrel earlier this week, Nigeria’s Bonny Light crude yesterday, dropped to $68 per barrel on…
The price of automotive gas oil, better known as diesel, spiked to N290 per litre this week. The surge…
OPEC+ is moving towards gradually adding about 2 million barrels per day (bpd) to the oil market from August to…
Shell Petroleum Development Company of Nigeria (SPDC) says it has so far recorded 51 leaks from its oil production activities…
After the international crude oil benchmark, Brent advanced above $70 as the PUNCH reported earlier in the month, industry experts…
The Nigerian National Petroleum Corporation (NNPC) has suspended all its exploration for crude oil in the Lake Chad area of…
Nigeria’s crude oil production has risen to two million barrels per day, the Minister of State for Petroleum Resources, Dr.…
The Senate President, Bukola Saraki has said that the Senate is ready to do anything to ensure that Nigeria comes…
Militant group, Niger Delta Avengers (NDA) has said that it will continue to fight attempts to export crude oil from…
President Muhammadu Buhari has said that Nigeria loses $7 billion to crude oil theft annually. Buhari made the revelation while…
The Governor of Osun state, Rauf Aregbesola has called on President Buhari to probe former President Goodluck Jonathan for an…
The Minister of Science and Technology, Dr. Ogbonnaya Onu, says Nigeria cannot afford to continue to be a consuming nation…