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Nigeria retains spot as Africa’s biggest oil producer with 1.48mbpd

Nigeria has retained its position as Africa’s largest oil producer.In its latest Monthly Oil Market Report (MOMR) released on Wednesday, the Organisation of Petroleum...
Business

Fear Of Weak Demand Forces OPEC To Retain Current Oil Production Quota Till 2026

OPEC and non-OPEC members have sustained current production output over fears of lower prices due to weak demand.OPEC+ arrived at the decision on Thursday...
Business

Nigeria’s crude oil production rises to 1.33mbpd in October 

The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s average daily crude oil production increased marginally to 1.33 million barrels per day...
Business

Nigeria fails to meet crude oil threshold, as production dips to 1.324mbpd in Sept

Nigeria’s average crude oil production in the month of September dipped to 1.324 million barrels per day, fresh data by the Organisation of Petroleum...
Business

Nigeria retains top spot as crude oil production surges to 1.35m bpd in August

Nigeria’s average daily crude oil production increased to 1.35 million barrels per day (bpd) in August.This is even as Nigeria retained its position as...
News

Civil rights group calls for investigation of Matrix Oil over importation of blended crude, violation of sanctions on Russian oil

Speaking at a press conference, convener Okwa Dan claims Matrix Oil’s actions have caused economic sabotage, environmental pollution, and health risks to Nigerians.The group...
News

Nigeria demands return of stolen crude oil, calls for global cooperation against illicit financial flows

Nigerian Foreign Affairs Minister Yusuf Tuggar has called for international cooperation to combat illicit financial flows and ensure the return of stolen crude oil...
Business

Nigerian govt to commence crude oil sale to Dangote, others in Naira from October

The Federal Government has announced that it will begin selling crude oil to local refineries, including the Dangote Refinery, in naira starting from October...
News

Crude oil demand from Dangote, local refineries hits 597,700bpd daily

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled crude oil producers’ production forecast for the second half (H2) of 2024.In a report yesterday,...
Business

Like Dangote, Edo refinery counters NUPRC, NNPCL over crude supply

A few weeks after Dangote Industries Limited, the operators of the Dangote Refinery raised alarm about the inability to get crude allocation under the...
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