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...

Nigeria Revenue May Crash Further As OPEC Forecasts Supply Glut     Nigeria’s revenue from crude oil sale may drop further in the first and second quarters of 2022 going by the latest projection of surplus oil supply in the period under review by the Organisation of...

Oil Price Reaches $83.37/Barrel As OPEC Meets Today   Oil price in the Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at $83.37 a barrel on Tuesday, ahead of the 22nd OPEC and non-OPEC Ministerial Meeting, scheduled for Thursday. In a statement, the organization...