Global Growth Estimate Of 4.8% Will Increase Oil Demand, Market Stability In 2021— OPEC
The Organisation of Petroleum Exporting Countries, OPEC, has stressed that the estimated 4.8 per cent global growth will culminate in oil market stability this year.
This is even as the price of...
Over N128bn Lost To Crude Oil Diversion — Reps
The House of Representatives has alleged that Nigeria lost $339 million (estimated N128.8 billion) to crude oil diversion since 2018.
At a session yesterday, it resolved to create an ad hoc committee to investigate the allocation of...
Nigeria Loses N151.78bn Crude Oil Monthly – NNPC
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on Wednesday.
Brent, the oil against which Nigeria’s crude is priced, was $66.75 per barrel on Wednesday, while the...
Crude Oil Price Hits 13-month High At $63
Oil prices yesterday maintained their upswing, hitting their highest in about 13 months on the back of vaccine rollouts expected to increase demand even as producers kept supply reined in.
Global benchmark, Brent Crude, was up 88 cents,...
Nigeria’s Crude Oil Exports Hit Three-Year Low
West Africa’s oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria’s biggest streams combined with gradually waning output in Angola.
Combined flows from the region fell to...
OPEC’s January Crude Oil Production Rises
The Organisation of Petroleum Exporting Countries (OPEC’s) crude oil production increased by 160,000 barrels per day (bpd) in January as the non-member countries called OPEC+ alliance is easing the output cuts in the first month of the year, it...
