OPEC Forecasts Lower Demand For It's Crude In 2019
The Organisation of Petroleum Exporting Countries will have to attain 100 per cent compliance with its new crude oil supply cut accord and count on continued production declines in Iran and Venezuela, if it wants to...
Crude Oil Export Revenue Falls By N403bn - CBN
Nigeria earned N207.54bn from crude oil and gas export in the first half of this year, falling short of the Federal Government’s target of N661.38bn.
Oil constituted 61 per cent of the gross federally-collected revenue of N4.40tn...
Assessing Nigeria’s Benefits From Oil Price Rally
While the recent appreciation in crude oil price has provided Nigeria an opportunity to earn more revenue from oil sales, the country equally spends a considerable amount of that on importing petroleum as well as on subsidy payment,...
Crude Oil Demand To Hit 100 mbpd Sooner Than Projected - Barkindo
The Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), Mohammad Barkindo, predicts that world oil consumption will reach 100 million barrels per day (bpd) later this year, hitting that level much sooner than...
Oil Production In June Drops To 1.89b/d – FG
Nigeria’s crude oil and condensate production has remained far lower than projected in the 2018 budget for the last two months, data released by the country’s petroleum ministry has shown.
The ministry in its latest Periscope Newsletter...
Oil Earnings Hit $13.5bn In Q1
Nigeria’s earnings from crude oil and gas, which accounted for 93.3 per cent of total export earnings during the review period, increased by 10.1 per cent to $13.426.53 billion in the first quarter of 2018 when compared with the...
