Nigeria’s Q3 Oil Exports Rise By 56% To N2.42trn
Nigeria more than doubled its crude oil exports in the third quarter of this year to N2.42tn after months of struggling to find buyers amid the collapse in demand.
Crude oil exports grew in value by 56...
Crude Oil In Commercial Quantity Discovered In Benue Trough – NNPC
The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity.
It said Nigerian geologists were spearheading efforts in the discovery of the commodity in...
339 Foreign, Local Firms Bid To Sell Nigeria’s Crude Oil Grades
At least 339 crude oil trading companies applied for the sale and purchase of Nigerian crude oil grades contracts spanning 2020 to 2022 by the close of the bidding process at noon yesterday.
Last month,...
Nigeria’s Sept Oil Production Dropped By 1.74m Barrels – OPEC
Crude oil production in Nigeria dropped by 1.74 million barrels in September, figures from the just released oil market report of the Organisation of Petroleum Exporting Countries showed.
In the OPEC report, dated October 13, the...
Crude Oil Price Rises By 6% To $41
The international oil benchmark, Brent crude, surged by six per cent on Monday after doctors said the United States President Donald Trump could soon be discharged from the hospital where he was being treated for COVID-19.
The upturn...
Petrol Pump Price May Drop This Month - Marketers
The pump price of petrol may reduce marginally this month, going by the fall in global crude oil prices, oil marketers said on Sunday.
According to them, since the cost of petrol has been largely determined by...
