Crude Oil Reserves Decline by 481m Barrels in 2018 Nigeria’s crude oil reserves declined from 37.453 billion barrels in 2017 to 36.972 billion in 2018, a...
OPEC Cuts Oil Demand Outlook The Organisation of Petroleum Exporting Countries has cut its forecast for global oil demand growth and warned of a risk of...
Crude oil Jumps 4% After Attacks on Two Tankers Crude oil price surged more than 4 percent on Thursday following a report that two oil tankers...
Global Oil Prices Fall on Thursday Oil prices fell on Thursday after the Energy Information Administration (EIA) reported that the U.S crude stockpiles rose 2.2 million...
Nigeria Earns $236bn From Petroleum Exports in Five Years Nigeria, Africa’s top oil producer, earned a total of $236.15bn from petroleum exports over the last five...
Nigeria Revokes Six Oil Block Licences The Federal Government has revoked six oil block licences due to ‘legacy debts’. In a notice issued on Thursday by...
Nigeria Loses N995.2b Yearly to Oil Theft Nigeria is losing N995.2 billion yearly to the activities of oil thieves, Nigerian Natural Resources Charter (NNRC) has said....
‘Nigeria Keen on Downstream Deregulation, Liberalisation’ The Department of Petroleum Resources (DPR) has indicated that Nigeria has not given up on its intention to fully liberalise...
Trade Wars, Disruptions Drag Oil Price Down to $69 Crude oil prices dropped Wednesday to $69 per barrel, representing about two percent reduction over its previous...
76 Oil Wells: Get Ready to Battle FG, Ayade Tells SANs Cross River State Governor, Professor Ben Ayade, has called on Senior Advocates of Nigeria (SANs)...