crude oil

  1. curator

    Business Oil surges past $80 as OPEC rebuffs Trump – BusinessDay News

    The price of oil surged back above $80 a barrel in early morning trading Monday after a meeting of OPEC and non-cartel members ended without any pledge to increase supply to the..... Read more via BusinessDay News – Get more: Nigeria Business News
  2. curator

    Business Nigeria Recorded 1.71 Million Barrels Per Day Oil Production In August – Leadership Newspaper

    The Organisation of Petroleum Exporting Countries, said Nigeria’s oil production rose to 1.71 million barrels a day, bpd, in August. The figure according to OPECs monthly oil market report for September released on Wednesday, puts the... Read more via Leadership Newspaper –...
  3. curator

    Business Oil prices climb towards $80 – PM NEWS Nigeria

    Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November.... Read more via PM NEWS Nigeria – Get more: Nigeria Business News
  4. stato

    World Oil Rises Amid Trade War Over Iran Sanctions – Leadership Newspaper

    Oil prices rose on Friday as concerns over the impact of a trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output supported the market. .... Read more via Leadership Newspaper – Get more World News
  5. curator

    Business Nigeria’s Crude Export Rises To Four Month High – Leadership Nigeria Newspaper

    After four months, Nigeria’s crude exports rose for the first time in July, reports have said. This was due to Shells lifting of export restrictions on.... Read more via Leadership Nigeria Newspaper – Get more: Nigeria Business News
  6. curator

    Business Oil prices fall as Saudi, Russian output rises – TODAY.NG News

    Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the U.S. Benchmark Brent crude oil LCOc1 fell 1.24 dollars a barrel to a low of $77.99 before recovering to $78.40, down 83 cents, … Read more...
  7. curator

    Business How FG loses crude earnings to IOCs metering – The Guardian Nigeria Newspaper

    Oil prices move close to $80 bpd • Nigeria’s Bonny Light records higher value The Federal Government’s reliance on the International Oil Companies (IOCs) to determine the quantity of oil production is negatively affecting the country’s crude earnings. The Guardian … Read more via The Guardian...
  8. siteadmin

    Politics Osinbajo urges African economies to look beyond oil revenue – Punch Newspapers

    Vice President Yemi Osinbajo has called on African countries to look diversify their economies and look beyond oil-based revenue for future prosperity. Osinbajo stated this in Abuja on Monday while declaring open the Extraordinary Session of the Council of Ministers of African Petroleum...
  9. Samguine

    Bayelsa moves to stamp out illegal crude oil refineries – Vanguard News

    YENAGOA—Hard time awaits illegal crude oil refinery operators in the deep mangrove swamp of Bayelsa State as the state government is set to establish a task force to check their activities to protect the environment. Dickson The state governor, Mr Seriake Dickson, stated this in …...
  10. Samguine

    Excitement in Northern state as 7 wells ‘confirm’ existence of crude oil - Naija Ng

    Seven wells drilled at the Bida Basin have confirmed existence of oil in commercial quantity, renewing optimism that Niger state may soon join the league of oil producing states. The development was disclosed by the state’s commissioner for mineral resources, Hajiya Ramatu Yar’Adua, while...
  11. curator

    Oil races to $80 as U.S. drilling rises – Vanguard News

    Oil races to $80 as U.S. drilling rises Oil prices steadied below 3-1/2 year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher North American production. Oil Brent crude was up 20 …...
  12. Iroka Chinedu

    Business Crude Oil Price Rises to $74, Highest in Four Years - This Day newspaper

    With the declining United States crude oil inventories, the price of oil thursday hit $74 per barrel, its highest in nearly four years as Saudi Arabia moved to push for a price rise of $80 -$100 per barrel. Thisday reported that Brent crude futures reached $74.74 per barrel yesterday, the...
  13. Iroka Chinedu

    Metro Crude oil theft rose 50% in 2017 – Shell - vanguard Ng

    Report indicating a worsened operational environment in Nigeria’s upstream oil sector, Royal Dutch Shell Plc, the parent company of Shell Company in Nigeria, said crude oil theft from its pipeline networks in Nigeria rose by 50 percent to 9,000 barrels of oil a day (b/d) in 2017, from about...
  14. curator

    Business Crude oil price increase should not affect economy diversification

    A member of Osun House of Assembly, Mr Olatunbosun Oyintiloye, has urged the Federal Government not to allow the slight improvement in the price of crude oil at the international market affects its economic diversification policy. via TODAY.NG – Get more: Nigeria...
  15. curator

    Business US to overtake Saudi as crude oil producer – I

    The United States is set to overtake Saudi Arabia as the world’s number two oil producer this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said on Friday. “This year promises to be a record-setting one for the US,” the IEA wrote in …...
  16. curator

    Business Crude oil crosses $70 threshold –

    Oil briefly topped $70 a barrel in London for the first time in three years, as crude markets continued an almost unblemished run of gains for 2018. The surge waned towards the end of the session, with the global Brent benchmark settling just 6 cents higher … via BusinessDay : News you can...
  17. curator

    Business Why Crude Oil Prices Are On Upward Swing – U.S. Energy Agency –

    By Roseline Okere The United States Energy Information Administration (EIA), has attributed the current surge in oil prices to shutdown of the Forties Pipeline in the North Sea on December 11, as a result of a crack in the pipeline, which remained closed through December 30. EIA in its …...
  18. curator

    Business Four reasons crude prices could reach $80 this year –

    January 17, 2018 1:45 am As things stand, the possibility of oil prices surging past $80 a barrel does not look any more like a distant possibility though it might not even need so much effort to tip down downhill. Brent crude, … via BusinessDay : News you can trust –
  19. curator

    Business NNPC Justifies Preference for FOB Nigeria’s Crude Exports –

    Chineme Okafor in Abuja The Nigerian National Petroleum Corporation (NNPC) has given reasons why it prefers to use the Free-on-Board (FOB) system to export Nigeria’s crude oil to their respective destinations and not the Cost, Insurance and Freight (CIF) system. The NNPC, according to a...
  20. curator

    Business Crude Oil Price Hits U.S.$70 Per Barrel – A

    By Chika Izuora With Agency Report The price of brent crude oil rose to $70 per barrel yesterday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in United States and Canadian drilling activity that points to higher future output in North America. Brent … Via...