Oil Prices Fall As US Inflation Prompts Weak Demand
On Thursday, oil prices fell as inflation data from the United States indicated a softening of the world’s biggest economy which could weaken crude oil demand.
Brent futures went down by 6 cents to $83.62 a barrel...
Oil Prices Rise As Houthis Strengthen Their Attacks
On Thursday, oil prices rose as Iran-aligned Houthis stepped up their attacks in the Red Sea near Yemen while the market faced a large build in crude inventories in the world’s largest producer, the United States.
During the...
NNPC To Supply Four Crude Oil Cargoes to $20bn Dangote Refinery
The Nigerian National Petroleum Company Ltd (NNPCL) has scheduled to supply four crude oil cargoes, (four million barrels), under its February programme to the $20 billion Dangote refinery.
The four cargoes are expected to increase...
FG Targets 1.7mbpd Crude As November Output Declines
The Federal Government, on Tuesday, declared that Nigeria would meet and surpass the 2024 crude oil budget benchmark of 1.7 million barrels per barrel despite the marginal decline in oil output in November 2023.
Latest figures released by...
Dangote Refinery Secures 1m Barrels of Crude Oil, Set to Commence Operation
The Dangote Oil Refining Company says its plant has received its maiden one million barrels of Agbami crude grade, from the Shell International Trading and Shipping Company Limited (STASCO).
In a statement on Friday,...
Dangote Refinery Receives First Shipment of Crude Oil, to Commence Production
The are indications that the Dangote Refinery located in Lagos is set to commence production of refined petroleum products.
According to industry sources and tanker tracking Data, S&P Global, the much expected production of refined...
