Cooking Gas Price Hike: NLNG Faults Market Forces, External Factors The Nigerian Liquefied Natural Gas Company Limited (NLNG) has denied responsibility for the recent price hike in the country’s cooking gas. In a statement, NLNG’s General Manager, External Relations, Andy Odeh, described media reports insinuating that...

NNPCL Unveils New Crude Grade   The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday said it had launched a new crude oil grade ‘Nembe’, and had shipped its first cargo in October consisting of two 950,000 barrels. A report by Reuters quoting the executive director of...

NNPCL to Supply Crude to Dangote Refinery in December 2023 - Report Nigerian National Petroleum Company Limited (NNPCL) will supply crude oil to Dangote Refinery in December 2023. This is according to a November 2 report by Reuters. In the report, it was stated that NNPCL plans...

Rainoil Boss: Increased Crude Oil Production Will Boost Nigeria’s Economy Nigeria must increase crude oil production to boost its economy, the Managing Director, Rainoil Limited, Gabriel Ogbechie has said. Ogbechie, who made the remarks at a panel session at the just concluded National Economic Summit at...

NNPCL Records 149 Oil Theft Cases In a Week   The Nigerian National Petroleum Company Limited (NNPCL) said it recorded 149 incidences of crude oil theft across the Niger Delta in one week. In a statement on Tuesday, the Company said in one of the incidents, an...

Crude Oil Price Hits $97 Per Barrel Brent crude oil price rallied to $97.5 on Thursday, as the crude storage hub in Cushing, Oklahoma, United States, fell by 943,000 barrels to 22 million barrels within one week. According to the Managing Director of TD Securities, Bart...