OPEC List: Nigeria Drops to 7th Position
Fresh data from the Organization of Petroleum Exporting Countries, OPEC’s monthly oil market report for November has shown that Nigeria has dropped to the seventh position from the fifth position in September 2022.
Recently, Nigeria has been facing a...
Nigeria’s Bonny Light Hits $100/barrel On Russian Ban
The price of Nigeria’s Bonny Light, yesterday, surged to $100 per barrel, from $98 per barrel recorded last Monday, due mainly to speculation occasioned by the European Union, EU ban on Russian oil.
The oil price, the highest...
We’ve Lost Our Most-valued Crude Oil Customers – FG
Nigeria has lost its most valued crude oil customers, while some of its gas buyers now compete with the country in the same market, the Federal Government declared on Thursday.
It also stated that international oil companies...
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...
