US Reduces Nigeria’s Oil Imports The U.S has reduced Nigeria’s crude oil import from 4.87 million barrel per day imported in January to 539,000 bpd in...
Oil Prices Fall Despite Saudi Assurance Global oil prices fell on Thursday despite Saudi Arabia assurance on production cuts and a report that OPEC production slips...
20 Nigerian Oil Cargoes Remain Unsold Despite Price Cut About 15 to 20 cargoes of Nigerian crude oil from the April loading programme remain unsold despite...
Standard Bank Predicts Increased Investment in Oil and Gas Sector Africa is likely to experience continued oil and gas investment over the next three to five...
Nigeria’s Oil Exports Plunge as Shell, Total Declare Force Majeure Exports of Nigerian crude oil have suffered a significant disruption as two international oil companies operating...
FG Approves One-million-barrel Oil Terminal for Otakikpo Field The Federal Government has approved a one-million-barrel crude oil onshore terminal for the Otakikpo marginal field in Oil...
Oil Prices Dip On Output Concern Global oil prices fell on Friday after reports showed some OPEC members will raise oil production to balance Iran deficit...
Chevron’s Oil Wells Catch Fire in Ondo No fewer than five oil wells, belonging to Chevron Nigeria Limited, in some communities in Ilaje Local Government Area...
NNPC Shifts 40 Billion Oil Reserves Target to 2025 The Nigerian National Petroleum Corporation has said it seeks to increase the nation’s crude oil reserves to...
Iran Sanctions: Trump Pushes Oil To $74 a Barrel Oil price rose on Tuesday to a six-month high after President Donald Trump announced he would end...