The Group of Seven (G7) proposed to cap Russian crude oil at $65-$70 a barrel
Oil theft across the country reported that Nigeria lost $2 billion to oil theft in eight months.
Lagosians expressed concern about the region's impending fuel crisis
Nigeria's current oil reserves stood at 37 billion barrels
Lower U.S. oil inventories recorded last week bolstered global oil prices
Nigeria's oil production increased to 1.02 million barrels per day in October 2022.
Ogun state will soon get an oil refinery of 100,00 barrels capacity per day
Oil gained 3% on Friday following reports that China, the world's largest importer of the commodity, is cutting down on its COVID-19 measures.
NNPC managing director Mele Kyari said oil thieves are after his life after a series of illegal pipelines were uncovered.
Brent crude dipped $1.68, or 1.7%, to $93.68 a barrel by 5:00 pm Nigerian time while U.S. West Texas Intermediate (WTI) crude had fallen $1.64, or...
