Crude Oil: Nigeria Gained N3.254tr From Exportation In Q4 Of 2017
Nigeria realized N3.254trillion from crude oil export in the fourth quarter (Q4) of 2017, representing 83.2 per cent of the highest proportion of the country’s total exports during the period under review.Besides, the country...
CBN- Nigeria Makes N7.3tr From Oil In 2017
Nigeria’s total revenue from crude oil rose by 29 percent to N7.3 trillion in 2017, reflecting impact of increases production and in crude oil price. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele The revenue from...
OPEC: Oil Market Heads Towards Rebalancing
After long years of punishingly low oil prices, the global oil market is moving closer to reaching a healthy balance between supply and demand, OPEC said on Thursday.
In its monthly oil market report, the Organization of Petroleum Exporting Countries...
The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in US and Canadian drilling activity that points to higher future output in North America.
Brent sweet...
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...
