Crude Theft Dips Oil Production To 0.94mbp In September   Crude oil production in Nigeria slumped to about 0.94 million barrels per day in September 2022, the Federal Government said on Monday. Figures released by the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government,...

Fed Govt To Re-open 180,000bpd Pipeline Shut In April   The Federal Government is set to re-open the Trans Niger Pipeline that transports about 180,000 barrels of crude oil daily. The pipeline was shut down six months ago due to vandalism and theft on the oil...

Crude Oil Price Drops To $86 Per Barrel     Brent, the global benchmark for crude, dropped in price on Sunday as virtually all oil grades witnessed reduced prices on the first day of the week despite efforts by the Organisation of Petroleum Exporting Countries (OPEC) to...

Nigeria’s Crude Oil Production Crashes To 900,000 Per Day   Nigeria’s crude oil revenue has continued to slump as the Organization of the Petroleum Exporting Countries (OPEC) newly released Monthly Oil Market Report for September revealed that the country’s crude oil output fell to 900, 000...

Crude Oil Sales Push Nigeria’s Foreign Trade To N25.84tn Data released by the Nigerian Bureau of Statistics has shown that Nigeria’s foreign trade has increased by 47.07 per cent year-on-year to N25.84tn in the first half of 2022 due to increased crude oil sales. According to...

Oil Earnings Decline By 29% To N790bn – CBN   Crude oil revenue crashed by 29 per cent in the first quarter of 2022, according to statistics from the Central Bank of Nigeria. The CBN, in its latest economic and statistical report for the first quarter of...