Nigeria’s decline in crude production has resulted in delayed payments to some local gasoline suppliers by the Nigerian National Petroleum Corporation (NNPC).
Nigeria is expected to add 500,000 barrels per day to its crude oil output once Shell Plc-operated Forcados oil terminal and the Trans Niger Pipeline resume...
Crude oil prices dipped by 2% on Monday following five sessions of consecutive gains as energy investors were concerned that the economic recession could erode demand...
The Nigerian Senate had said Nigeria was losing an average of 1 million barrels of crude oil per day
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
