The cost of producing a barrel of crude oil has risen to $40 per barrel in Africa’s largest economy as investments in modern equipment slow. The...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused oil producers of diverting 500,000 barrels of crude oil meant for local refining to...
OPEC’s crude oil production declined following a fire outbreak at Iraq’s Rumaila oil field in January, according to a Bloomberg report. The Organization of Petroleum Exporting...
Nigeria’s oil sector is set for a major shake-up as over 55 oil licences across various oil blocks in the Niger Delta approach their expiration before...
Africa’s largest crude oil producer, Nigeria, oil production is nearing its 1.5 million-barrel-per-day (bpd) quota set by OPEC+. This turnaround follows years of declining production driven...
Oil prices remained steady on Wednesday as investors assessed the potential impact of U.S. President Donald Trump’s newly announced energy policies. Brent crude oil, against which...
Justice Adamu Turaki Mohammed of the Federal High Court, Port Harcourt, Rivers State, has ordered the arrest of 440 cargo of 150,000 metric tonnes of crude...
Nigeria may be better position for higher gains following the projections of the Organisation of the Petroleum Exporting Countries (OPEC) that global oil demand will increase...
If the goal of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to increase Nigeria’s crude oil production to 2.1 million barrels per day by 2025 is...
Chinese oil companies and private refiners have started increasing crude oil purchases from the Middle East, Africa and the Americas to mitigate the effect of sanctions...
