Tag: crude oil
Omicron variant drives oil prices southwards
Oil fell with global equities markets on fears the variant could dampen economic growth and fuel demand.
Oil prices fall amid bleak outlook warnings
Amid bleak outlook warnings by major oil producers and the COVID-19 pandemic, oil prices again went southwards on Tuesday, with…
Bad news for Nigeria as crude oil prices crash
More crushing news for Nigeria comes from the oil market as Brent crude price drops below $40 a barrel for…
Nigeria’s crude oil production rises 9%
Nigeria’s crude oil daily production recorded an upward swing of about 2.09 million barrels in 2018, translating to a 9…
$55m Crude Oil shipment: FG closes case in suit against Agip
The Federal Government (FG) on Tuesday closed its case at a Federal High Court Lagos, in a 55 million dollars…
Saudi Aramco plans change crude oil price formula
Saudi Aramco plans to change the formula used to price its long-term crude oil sales to Asia later this year,…
Brent crude oil rises to $70 on output cuts
The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led…
Crude Oil Price Rises Above $65 A Barrel
Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out…
Oil price jumps above $65
Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out…
Kachikwu says world moving away from oil
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, says the world is moving away from oil, hence, it…
Crude oil: A perfect recipe for political crisis, instability and underdevelopment
Conventional wisdom in intellectual and politico-economic circles, promotes the view that Nigeria became rich and better off, with the commencement…
NNPC names 39 crude oil off-takers for 2017/2018
The Nigerian National Petroleum Corporation (NNPC) on Wednesday released names of 39 bidders for the sale and purchase of Nigerian…
Navy seizes stolen 120,000 litres of crude oil
The Nigerian Navy has intercepted a large metallic barge transporting about 120,000 litres of crude oil suspected to be stolen…
Lagos now officially an oil producing state – Ambode
…Says Feat Opens New Vista For Revenue Generation …Receives Management of Tunde Folawiyo Petroleum Lagos State Governor, Mr. Akinwunmi Ambode…
Despite supply loses in Nigeria, oil price steadies around $45
Crude oil steadied around $45 a barrel on Wednesday as reduced production in Canada’s oil sands region lent support, although…