Latest figures from the Organisation of Petroleum Exporting Countries (OPEC) show that Nigeria’s crude oil output, excluding condensate, dropped month-on-month, by seven per cent to 1.3...
The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPC), Mele Kyari, has alleged that stolen crude oil products are now stored in...
Nigeria recorded improvement in crude oil production, increasing production levels in the month of May, with production, rising by 70,000 barrels per day and averaging 1.42...
Adebayo Obajemu Nigeria has for a fairly long time been pumping crude oil quite below the quota allocated to her in the ongoing OPEC+ cuts, as...
Adebayo Obajemu Crude oil hit first weekly decline in six weeks as Brent crude closed at $38.73 a barrel, while U.S crude oil futures settled at...
By ADEBAYO OBAJEMU As Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari surely approximates the legend that ‘uneasy lies the head that wears...
Bayelsa State Government has expressed concern over the decline in revenue from the Federation Account arising from the global COVID-19 crisis, saying the economy of states...
The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory build of 6.407 million barrels for the week ending March 6, compared to...
Oil prices rose for a second day on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the...