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Federal Govt. bemoans loss of crude oil customers due to demand for renewable energy source

Posted by Chuks Ofurum
|Date: October 21, 2022
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Federal Govt. bemoans loss of crude oil customers due to demand for renewable energy source

The Federal Government of Nigeria said it lost its most valued crude oil customers, while some of its gas ...

The Federal Government of Nigeria said it lost its most valued crude oil customers, while some of its gas buyers now compete with the country in the same market. It also stated that internation ...

October 21, 2022
| by Chuks Ofurum

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How crude oil allegedly stolen from Nigeria was seized in E/Guinea

Posted by Chimezie Orisakwe
|Date: August 19, 2022
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How crude oil allegedly stolen from Nigeria was seized in E/Guinea

Stolen crude oil in a supertanker has been captured by Equatorial Guinean authorities over theft suspicio ...

Stolen crude oil in a supertanker has been captured by Equatorial Guinean authorities over theft suspicions from Nigeria, according to the Nigerian Navy. The ship was apprehended by the Central Africa ...

August 19, 2022
| by Chimezie Orisakwe

| 0 comments

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Crude oil falls below $100 as Nigeria increases production

Posted by Chuks Ofurum
|Date: July 13, 2022
| 0 comments

Crude oil falls below $100 as Nigeria increases production

Brent, the international benchmark for crude, fell below $100 per barrel on Tuesday as the latest figures ...

Brent, the international benchmark for crude, fell below $100 per barrel on Tuesday as the latest figures released by the Organisation of Petroleum Exporting Countries showed an increase in Nigeria’s ...

July 13, 2022
| by Chuks Ofurum

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Crude oil production deferment costs Nigeria whopping N2.2 trillion

Posted by Kingsley Alaribe
|Date: May 23, 2022
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Crude oil production deferment costs Nigeria whopping N2.2 trillion

Data from the Nigeria Extractive Industries Transparency Initiative for 2021 reveals Nigeria lost N2.2 tr ...

Data from the Nigeria Extractive Industries Transparency Initiative for 2021 reveals Nigeria lost N2.2 trillion in one year due to the Deferment of crude oil output; and the massive loss also occurred ...

May 23, 2022
| by Kingsley Alaribe

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Crude oil market might soon be in an oil glut era

Posted by Lilian Osigwe
|Date: September 13, 2020
| 0 comments

Crude oil market might soon be in an oil glut era

Saudi Arabia a major oil producer had recently reduced its official selling price on its Asian cru ...

Saudi Arabia a major oil producer had recently reduced its official selling price on its Asian crude grades to China on the macro that the world’s second-largest economy has no place to store a ...

September 13, 2020
| by Lilian Osigwe

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Nigeria, only oil producing nation that does not benefit from price increase – Sanusi

Posted by Kingsley Alaribe
|Date: September 05, 2020
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Nigeria, only oil producing nation that does not benefit from price increase – Sanusi

The former Governor of the Central Bank of Nigeria, Muhammed Sanusi II has said that Nigeria is the only ...

The former Governor of the Central Bank of Nigeria, Muhammed Sanusi II has said that Nigeria is the only oil-producing nation that does not get the benefit of rising oil prices. Sanisu, who disclosed ...

September 05, 2020
| by Kingsley Alaribe

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Oil prices drop as market reacts to rising COVID-19 cases, US-China tension

Posted by Kingsley Alaribe
|Date: July 27, 2020
| 0 comments

Oil prices drop as market reacts to rising COVID-19 cases, US-China tension

Global oil prices slightly dropped early Monday morning; no thanks to the second wave of COVID-19 which i ...

Global oil prices slightly dropped early Monday morning; no thanks to the second wave of COVID-19 which is influencing investors to focus on safe-haven assets. Another major contributing factor to the ...

July 27, 2020
| by Kingsley Alaribe

| 0 comments

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The world’s biggest oil hedge program underway

Posted by Kingsley Alaribe
|Date: July 25, 2020
| 0 comments

The world’s biggest oil hedge program underway

The world’s biggest oil hedge program is underway. Major oil producer Mexico has asked leading global inv ...

The world’s biggest oil hedge program is underway. Major oil producer Mexico has asked leading global investment banks to submit quotes for its sources. Premiums on crude oil options surged this week ...

July 25, 2020
| by Kingsley Alaribe

| 0 comments

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Crude oil prices slump, as partial lockdowns resume

Posted by Kingsley Alaribe
|Date: June 29, 2020
| 0 comments

Crude oil prices slump, as partial lockdowns resume

Crude oil prices began the week on a bearish note as COVID-19 caseloads rose in many places around the wo ...

Crude oil prices began the week on a bearish note as COVID-19 caseloads rose in many places around the world, making some countries resume partial lockdowns that could hurt the demand for energy. Bren ...

June 29, 2020
| by Kingsley Alaribe

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Coronavirus: US crude oil price plunges below $20, threatens global supply glut

Posted by Gideon Ayogu
|Date: March 30, 2020
| 0 comments

Coronavirus: US crude oil price plunges below $20, threatens global supply glut

US crude oil prices fell below $20 a barrel on Monday, close to their lowest level in 18 years; as trader ...

US crude oil prices fell below $20 a barrel on Monday, close to their lowest level in 18 years; as traders bet production would have to shut to cope with the collapse in demand from the coronavirus pa ...

March 30, 2020
| by Gideon Ayogu

| 0 comments

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