Importation of petroleum products into Nigeria will reduce significantly by 2023 with the commencement of operations of the Dangote Refinery
A major pipeline supplying crude oil to the United States remained shut
Oil prices rebound on Thursday following China’s announcement that it was easing COVID-19 measures imposed to curb the spread of the virus. China on Wednesday announced the...
The federal government has revealed that Nine oil-producing states pocket N625.43 billion as 13 percent oil derivation, subsidy, and SURE-P refunds in just two years. This...
The official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has dried up steadily from above US$3.0 billion monthly in 2014 to an...
Crude oil appreciated on Tuesday on signs global supply is declining amid better-than-expected optimism on Chinese economic recovery and a weaker dollar. But the likelihood that...
Brent crude oil, the international benchmark for oil Nigerian oil, declined by $2.16, or 2.6% to $81.47 a barrel during the Asian trading session after previously...
The ECB balance declined from $4.1 billion recorded in November 2014 to $472,513
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.
