Oil Price Soars To Seven-year High
Oil prices traded within striking distance of its seven-year high at $86.71 per barrel yesterday on continuing supply constraints and waning fears among heavy fuel users of another pandemic-induced slowdown.
In the last two weeks, Brent, Nigeria’s benchmark, has climbed...
Oil Price Surges Above $85 Amid Omicron Impact
The international oil benchmark, Brent crude, climbed above $84 per barrel on Wednesday on tight supply and easing concerns about the potential impact of Omicron coronavirus variant on demand.
Brent, against which Nigeria’s crude oil is priced, rose...
Fed Govt Loses N1.474trn To 222 Terminal Shutdowns In 10 Months
The production of 50.788 million barrels of crude oil valued at N1.474tn was stalled between January and October last year due to community interferences and other challenges forcing oil terminals to shut down production...
Nigeria’s Crude Oil Earnings Hit N12.4trn In 11 Months
Nigeria produced a total of 440.774 million barrels of crude oil valued at about N12.4tn between January and November 2021, an analysis of the latest oil production data released by the Federal Government showed.
A document on...
In Three Months, N556bn Crude Oil Lost To Vandalism, Others – NNPC
Nigeria lost crude oil valued at about N556bn between August and October this year due to pipeline vandalism, community interferences, sabotage of oil facilities, among others, latest industry data obtained from the Nigerian...
Nigeria’s Oil Production Increases By 2.55m Barrels – OPEC
Crude oil production in Nigeria increased by about 2.55 million barrels in the month of November 2021, the Organisation of Petroleum Exporting Countries announced on Tuesday.
According to OPEC, the country’s crude oil production rose by 85,000...
