254 Firms Submit Bids To Buy, Sell Nigeria’s Crude
Nigeria’s crude and condensate production stood at 2.25 million barrels per day on Tuesday, while 254 companies submitted bids for the sale and purchase of the country’s crude oil grades for the 2018/2019 Crude Term Contract.
According...
PENGASSAN Strike: Oil Prices Rises, North Sea Pipeline Threaten Supply
Oil prices edged higher again Monday as a planned workers’ strike in Nigeria’s oil and gas industry and the North Sea pipeline outage threatened crude supply to the international market.
However, the planned strike by oil...
Oil Revenue Exceeds 2017 Budget Benchmark
The Nigerian National Petroleum Corporation (NNPC) has stated that oil revenue in the first ten months of the year has exceed the 2017 budget oil benchmark of $44.50 per barrel by 18 per cent, revealing that oil has sold...
Crude oil prices have increased on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq.
An explosion at a U.S. oil rig and reduced exploration activity also supported prices there.
Brent crude futures, the international benchmark for oil prices, were at...
The Nigerian National Petroleum Corporation (NNPC) has recorded more than 100 per cent increase in export revenue of $471.90 million for the month of July 2017 as against $219.34 million posted in June 2017.
According to the July edition of the Monthly Financial and Operations...
Global oil benchmark, Brent crude, jumped above $57 per barrel on Monday after 11 non-members of the Organisation of Petroleum Exporting Countries, including Russia, agreed to cut their production by 558,000 barrels per day.
Brent, against which Nigeria’s oil is priced, soared to $57.89 a...
