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Nigeria set for highest Oil exports to Europe

Nigeria is set to export highest volume of crude oil to Europe in June following production outages being experienced by producers in the UK’s...

‘Oil exports from Nigeria, Angola to U.S. hit 420,000bpd’

The United States refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes, double that of April levels,...

Crude Theft: DPR’s tracking system to the rescue

The National Production Monitoring System recently deployed by the Department of Petroleum Resources as an accounting solution for crude oil and gas is expected...

Oil reaches $68 on falling supplies

Oil prices rallied yesterday after data showed falling stockpiles of crude as refined fuels also plunged last week.International Brent crude oil futures were up...

BudgIT charges Buhari to prioritise Oil sector reform

BudgIT, a civic organisation has called on President Muhammadu Buhari to focus on oil and gas sector reforms in his second term.The call was...

Nigeria’s largest oil buyer, IOC buys US oil for $1.5bn

By Folarin OlatundeState-owned Indian Oil Corp(IOC) has signed its first annual deal to buy US oil, paying about $1.5bn for 60,000 barrels a day...

FG targets $2bn from oil, gas lease licence renewal

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, yesterday said the Federal Government was targeting about two billion dollars from oil and...

Hope rises for 2019 Budget, oil price rebounds to $60

Hope for the implementation of the 2019 budget was rekindled yesterday as crude oil price climbed around three per cent to rebound to $60...

Weak Dollar, Saudi Supply Cuts Push Oil Price to $55

After early slide, crude oil prices rebounded Thursday as dollar weakness and signs of production cuts by the world’s top crude exporter, Saudi Arabia,...

Nigeria to lose 27% of oil production in 2019

Nigeria is to lose about 226,300,000 million barrels of oil production in 2019, representing about 27 per cent of its current year’s target.The loss...
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