Rising U.S. Oil Exports Threaten Nigeria, Others The recent surge in U.S crude exports to Asia region is expected to weigh on exports from Nigeria and...
Oil Prices Rally Despite U.S. High Output U.S Output Rose by 100,000 bpd Last Week Global oil prices rallied on Friday after data showed the United States...
Back Taxes: IOCs to Pay $20 Billion International Oil Companies (IOCs) operating in Nigeria has been ordered to pay $20 billion in back taxes to states....
Crude Oil Rises Above $66 on OPEC Bullish News Numbers of bullish news have changed oil market outlook in the last few days as traders are...
Nigeria’s Daily Oil Production Falls to 1.99 Million Barrels The nation’s crude oil production including condensate fell to 1.999 million barrels per day in January from...
Oil Rises 2% on Saudi Arabia, OPEC Cuts Oil prices rallied yesterday amid signs that the Organisation of Petroleum Exporting Countries (OPEC’s) production cuts are taking...
OPEC Not a Cartel, Doesn’t Fix Oil Prices, Says Barkindo The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammad Barkindo, has said the...
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said on Monday that the Federal Government had forced oil companies operating in the country to...
With Egina, Total Targets 23% of Nigeria’s Daily Oil Production Multinational oil company, Total, has said it will be responsible for 23 per cent of the...
FG, EFCC Begin Tracking of Vessels Lifting Nigeria’s Crude Every barrel of crude oil produced and exported out of Nigeria is now being tracked by the...