The Federal Government says improved security in the Niger-Delta is responsible for the increased crude oil production to 1.65 million barrels per day as against the...
The Nigeria Army has seized about 5 million litres of stolen crude oil, worth billions of naira, a senior army official has revealed. Maj.-Gen. Jamaal Abdussalam,...
The National Security Adviser (NSA), Malam Nuhu Ribadu, says the country is still losing 400,000 barrels of crude oil daily to local and international thieves despite...
Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, says the company has terminated its crude-for-petrol swap deal, otherwise called Direct...
Below are the top 11 members of the Organization Of The Petroleum Exporting Countries (OPEC) with highest daily crude oil production. The unit of measurement in...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said spent over N13 trillion or $74 billion on fuel subsidies in 16 years, which is between 2005...
Petroleum, also known as crude oil, or simply oil is found accumulated in various porous rock formations in Earth’s crust and is extracted for burning as...
Crude oil, as a natural resource, is the main source of foreign exchange for some African countries. Its production and sales could have a major effect...
Crude oil, natural gas, urea, cocoa, among others raised Nigeria’s exported merchandise worth in the first quarter of 2022 by 23.13%. According to a foreign trade...
The Organisation of the Petroleum Exporting Countries (OPEC) price for basket of 13 crude oil samples stood at $108.81 per barrel as at Thursday, April 21....
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production declined to an average of 1.354 million barrels per day in March 2022....
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 113.39 dollars per barrel as at Monday, March...