Tag: crude oil
I’ll focus on agriculture, mining, not crude oil – Buhari
Nigeria’s president-elect, General Muhammadu Buhari, on Sunday in Abuja said he would shift attention from oil to agricultural and mining…
NNPC searching for oil in Chad Basin
The Nigerian National Petroleum Corporation (NNPC) said it was set to resume oil search in the Chad Basin following the…
The Multi-Billion Dollar Crude Oil Theft Fence!
By Taiwo Lawrence Adeyemi “We are winning the war against Crude Oil Theft”, says Lt Col Ado Isa, Media Coordinator,…
Qatar to spend $200bn despite oil price drop
Qatar will stick to its $200-billion (190 billion-euro) infrastructure spending splurge, the energy-rich Gulf state’s premier vowed on Sunday, despite…
Crude oil price likely to stabilise at $50-60
World crude prices are expected to gain this year or at least stabilise at between $50 and $60 a barrel,…
We are handicapped to import petrol – Major Marketers
The Major Oil Marketers Association of Nigeria (MOMAN) says its members are handicapped to import refined petro products following the…
Petrol scarcity: NNPC set to import 1billion litres in March
The Management of the Nigerian National Petroleum Corporation (NNPC) on Monday began fresh measures to halt what it described as…
Oil price will rise to $65, Iraq predicts
Iraqi Oil Minister Adel Abdel Mahdi said Sunday he expects the price of crude oil, which dropped to a six-year…
Senate reduces oil benchmark to $52
The Senate on Tuesday, reduced the oil benchmark from 65 dollars to 52 dollars. NAN reports that this is the…
World oil prices edged higher Monday
World oil prices edged higher Monday on lingering optimism over falling United States production. US benchmark West Texas Intermediate (WTI)…
Oil prices rise above $60 per barrel
Crude oil rose above 60 dollars a barrel on Friday for the first time this year, bringing gains this week…
Oil prices up in Asian trade
Oil prices rose in Asia Friday, extending solid gains in the previous session in response to news that leading petroleum…
Crude oil money not missing, NNPC claims
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said that the report of the forensic audit carried out on its…
Tourism As Alternative Revenue Spinner
As the reality of continuous fall in the price of crude oil dawns on the nation, the tourism sector with…
Oil prices extend gains as OPEC cuts output forecast
Oil prices advanced further on Monday as OPEC forecast a reduction in US output amid a dip in North American…