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Crude Oil
Crude price falls as Naira strengthens to ₦1,512/$ in parallel market
Crude oil prices have dropped as the naira continues to hold firm against the…
Crude oil prices drop 2% over Israel-Hezbollah ceasefire report
Oil prices fell sharply on Monday, with Brent crude dropping by 2.45% to $73.34…
ICYMI: NNPC launches new crude oil blend
NNPC Ltd has announced a new addition to the international crude oil market: the…
COVID-19 helped reduce cost of oil production in Nigeria – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says COVID-19 had helped…
Nigerian refineries lose N104.3b in 13 months
Nigeria’s refineries have reportedly lost N104.3 billion in 13 months despite not processing any…
Military destroys illegal refineries, recovers stolen crude
The Defence Headquarters says the military has intensified its aggressive fight against crude oil…
Egypt announces new oil discovery at Gulf of Suez
Egypt Ministry of petroleum announces new oil discovery at the Gulf of Suez. The…
EAL editing..Senate raises concern over high cost of crude oil production in Nigeria
The Senate on Monday expressed concern over the high cost of crude oil production…
COVID-19: OPEC producers debate possible oil cuts
The Organization of the Petroleum Exporting Countries, OPEC, crude oil exporter group is debating…
JUST IN: FG cuts petrol pump price to N125
President Muhammadu Buhari may have approved the reduction of pump price of the Premium…
Coronavirus: FG to cut budget, seek new oil benchmark
Amid tumbling prices of crude oil, the Federal Government is set to cut the…
Bad leaders cause poverty in the north – Shehu Sani.
Senator Shehu Sani said on Thursday that the acute poverty and begging culture…
FG depletes Excess Crude Account by N253.1m in one month
The Federal Government has depleted the Excess Crude Account by N253.1m between January 16…
Nigeria lost $750m to oil theft in 2019 – NNPC
The Nigerian National Petroleum Corporation (NNPC) on Tuesday revealed that the nation lost about…
One billion barrels of oil discovered in North East – Petroleum minister
The Minister of State for Petroleum Resources, Timipre Sylva, said on Wednesday that about…