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Crude oil

27 Apr 2022
Projected demand drop of over 1.4 million barrels per day of crude oil at the international market may provide brief succour for Nigeria’s economy, which has been gasping for breath
30 Mar 2022
Crude oil loss through theft or organised criminal activities is already on the verge of hijacking oil and gas operations in Nigeria. With over 91 per cent loss in some cases
27 Mar 2022
Oil and gas law experts will on March 29 and 30 explore the future of African energy markets in Abuja. The gathering organised by Lawyers in Energy Network
6 Mar 2022
Prevaling economic realities, especially the rising price of crude oil at the international market, and the cost of petrol subsidy, which is threatening the 36 states could worsen...
3 Mar 2022
Crude futures rallied, yesterday, as traders assess the impact of sanctions on Russia, with the front-month Brent and WTI contracts rising by around seven per cent
10 Feb 2022
The national oil company, Nigerian National Petroleum Corporation (NNPC) Limited yesterday, disclosed that about N2.613 trillion was made from the sale of premium motor spirit in one year.
7 Feb 2022
Chief Consultant of B. Adedipe Associates Limited, Dr. Biodun Adedipe, has charged the Federal Government to utilise excess earnings from crude sale proceeds to reduce the fiscal deficits and build infrastructure.
14 Dec 2021
Though Nigeria recorded an increase in production output last month following the lifting of force majeure on crude exports from Bonny Light terminal, the country’s rig count dropped further
11 Dec 2021
Minister of Mines and Steel Development, Olamilekan Adegbite, has said that Nigeria has made a lot of mistakes in the exportation of oil and gas outside the country.
7 Nov 2021
Though the Federal Government reiterates its commitment to curbing crude theft in the country while improving acreage, the Independent Petroleum Producers Group (IPPG)
25 Oct 2021
Contractors in charge of the Bodo community clean up in Gokana Local Council of Rivers State have said two million litres of crude oil were recovered from the ongoing exercise in the area.
23 Oct 2021
A few Nigerians, described as elite, may be stealing yearly about 42.25 million barrels of the nation’s crude oil worth $3.6billion at the prevailing price of $85 per barrel.

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