OPEC+ May Consider Ending Production Cuts In 2020
The Organisation of Petroleum Exporting Countries and non-OPEC allies, including Russia, may consider ending their oil output curtailment deal next year in order to preserve market share and implement projects, according to Russian Energy Minister, Alexander Novak.
“As...
Crude Oil, Gas Exports Hit $232.87m – NNPC
The Nigerian National Petroleum Corporation on Sunday announced that crude oil and gas export sales increased by 52.84 per cent to $355.93m in September 2019.
NNPC’s crude oil and gas exports in September were $123.06m higher than the...
Crude Increases To $64.17, Fuel Subsidy Now N43/litre
The rise in crude oil price has spiked the Expected Open Market Price of Premium Motor Spirit, popularly known as petrol, leading to a sharp increase in the amount spent on subsidy.
Data obtained in Abuja on Tuesday...
NNPC Increases Sales Prices For Crude Oil
The Nigerian National Petroleum Corporation has raised December official selling prices for several of the nation’s crude oil grades.
Reuters reported that price differentials for Nigerian light sweet grades continued at multi-year highs even as official selling prices published...
Oil Worth $42bn Stolen Ten Years - NEITI
Crude oil and refined products worth $41.9bn were stolen from Nigeria in the last 10 years, the Nigeria Extractive Industries Initiative has said.
NEITI also urged the government to embrace oil fingerprinting technology, comprehensive metering infrastructure of all...
No Crude Processed In Nigerian Refineries In One Month
The combined yield efficiency of Nigeria’s refineries has crashed to zero, the latest report on the performance of the facilities has shown.
Nigeria’s refineries are the Warri Refining and Petrochemical Company, Kaduna Refining and Petrochemical Company, and...
