The Nigerian National Petroleum Company Limited (NNPCL) has discovered 395 illegal oil refineries among other illegal assets.
The Federal Government is set to re-open the Trans Niger Pipeline which has a production capacity of 180,000 barrels of crude oil per day.
Global uncertainty concerning recession continued to dictate the price of crude oil and other global commodities
Despite the strong U.S. dollar and slowing demand for crude oil, the price of the commodity pulled back on Monday during the New York trading session.
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) threatens to embark on a nationwide strike amid rising crude oil theft.
Nigeria's oil production dropped by more than 10 percent below the one million mark in August
Global oil prices dropped below $90 a barrel on Wednesday as global economic uncertainty continues to weigh on the demand for the commodity
Shell commenced an investigation into an oil spill from one of its assets at Ogboinbiri in the Southern Ijaw Local Government Area of Bayelsa State
Oil prices rose in the earlier hours of Monday as global energy investors started pricing in an additional output cut from OPEC+ producers at a meeting...
Brent crude oil lost $4.34 from the $97.23 a barrel it traded in the early hours of Monday
