Tag: Crude Oil

OPEC Monthly Oil Market Report on Crude oil Prices Rise

AMT Tanimu- February 12, 2021

Crude oil prices rose firmly in January, along with a steady rise in futures markets. Major physical crude benchmarks increased about 10% month-on-month (m-o-m) on ... Read More

We must discontinue dependence on crude oil for public revenue, forex – Emefiele

Abdul Jimoh- December 6, 2020

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has reiterated the need for the country to discontinue with heavy dependence on ... Read More

The 9th OPEC/Non-OPEC Declaration of Cooperation Ministerial Meeting on Cruden Oil Cut

AMT Tanimu- April 10, 2020

Nigeria has joined other OPEC+ counterparts in a historic curtailment of crude oil production to rebalance and stabilize the global oil markets. Nigeria is participating ... Read More

Oil, Gas Export Sales up to $416m – NNPC

Henry Solomon- October 4, 2018

The Nigerian National Petroleum Corporation (NNPC) says a total of crude oil and gas export sales of 416.07 million dollars was realised in June, which ... Read More

Oil prices at 4-year high after OPEC rebuffs Trump

Arowobusoye Samuel- September 24, 2018

Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production. ... Read More

5 ships carrying various products expected at Port Harcourt ports

Arowobusoye Samuel- August 2, 2018

The Nigerian Ports Authority (NPA) says five ships carrying petroleum products, food and other goods are expected to berth at Port Harcourt port, between August ... Read More

Supply Cuts,Strong Demand, Draws Oil Price Closer to Late-2014 Highs

Henry Solomon- April 20, 2018

Oil prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand, gradually draw ... Read More

Speaker Dogara Suggests Permanent Solution to Embarrassing Fuel Scarcity

AMT Tanimu- February 6, 2018

Turaki Hassan, Abuja: Speaker of the House of Representatives, Hon Yakubu Dogara, has advocated for local refining of crude oil to make fuel available and ... Read More

NNPC Records $239.10 Million Crude Oil Export Sales

AMT Tanimu- January 25, 2018

Ndu Ughamadu, Abuja: The Nigerian National Petroleum Corporation, NNPC posted a total crude oil and gas export sale of $239.10Million in the month of November, ... Read More

Crude Oil & Gas Revenue and Remittances

AMT Tanimu- January 25, 2018

Ndu Ughamadu, Abuja: Federation Crude Oil and Gas lifting are broadly classified into Equity Export and Domestic. Both categories are lifted and marketed by NNPC ... Read More

254 Bids Nigerian Crude Grades, Sector Names Nigeria’s Biggest Buyer

AMT Tanimu- January 10, 2018

Ndu Ughamadu, Abuja: For the third consecutive year, the gale of transparency and innovation in the marketing and management of Nigeria’s crude oil grades was ... Read More

NNPC Says It Can Account for Every Barrel of Oil Sold in Nigeria

AMT Tanimu- December 21, 2017

The Nigerian National Petroleum Corporation (NNPC) has achieved 98 per cent automation of all transactions involving the supply, marketing and sale of the various grades ... Read More

In 10 Years Time, Oil Will No Longer Be An Income Resource – Kachikwu

Henry Solomon- September 14, 2017

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the world is moving away from oil, hence, it will no longer be an ... Read More

News Summary 12/04/2017; Arraignment of Suswam Stalled

Abdul Jimoh- April 12, 2017

Former Gov. Suswam Arraignment Stalled The arraignment of former Benue State Governor, Gabriel Suswan and two others before the Federal High Court Abuja was stalled ... Read More

128 Companies Bid for NNPC Direct Sale of Crude Oil and Direct Purchase of Products (DSDP) Programme

Streaming Admin- February 3, 2017

No fewer than 128 Indigenous and International Oil and Gas companies have indicated interest to participate in the Nigerian National Petroleum Corporation’s (NNPC) Direct Sale ... Read More

Why We Won’t Allow Illegal Refineries To Operate – Dogara

Henry Solomon- February 2, 2017

Speaker of the House of Representatives, Rt Hon Yakubu Dogara, has explained that illegal refineries cannot be allowed to operate in Nigeria because their operators ... Read More

Nigerian Military Foils Ship Hijacking In Niger Delta

admin- October 23, 2016

Nigerian military has thwarted an attempted hijack of a vessel in the restive Niger Delta and separately arrested five pipeline vandals, a Nigerian military spokesperson ... Read More

Nigeria Navy Arrest 6 Oil Thieves In Akwa Ibom

admin- September 28, 2016

Nigeria Navy has arrested six suspected oil thieves in Akwa Ibom State. In a statement signed by Director Information, Nigeria Navy, Commodore Christian Ezekobe, said ... Read More

NNPC Collaborates NSCDC On Pipeline Vandalism

Arowobusoye Samuel- August 25, 2016

The Group Managing Director of the Nigeria National Petroleum Corporation NNPC, Dr Maikanti Baru has solicited the cooperation of the Nigeria security and Civil Defence ... Read More