Nigeria Faces Crude Production Decline As Oil Price Rises
The international oil benchmark, Brent crude, rose slightly on Thursday on the back of improving trade relations between the United States and China as well as rising tensions in the Middle East.
Brent, against which Nigeria’s oil...
Interests In Insurance, Oil Stocks Drive N93bn Gain
On the second-to-the-last trading day of the year 2019, the nation’s stock market saw a renewed interest of investors, particularly in insurance and oil and gas stocks.
Investors gained N93.1bn as the market capitalisation of equities increased from...
Oil & Gas: IOCs Delay $58.4bn Projects In Nigeria
A number of oil and gas projects valued at $58.4bn are facing an uncertain future as international oil companies operating in the country have failed to sanction them several years after they were announced.
Industry experts said...
Oil Prices Hit Highest In Three Months
Oil prices extended gains on Friday, scaling three-month highs as the U.S. and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies that has raised questions about global demand for...
About 36.5 Million Barrels Of Oil Stolen In 2017 – NEITI
It said Nigeria lost about 36.5 million barrels of crude oil to theft and sabotage in 2017, the Nigerian Extractive Industry Transparency Initiative has said.
An analysis of the latest annual oil and gas report...
OPEC's Failure To Deepen Cuts May Drive Oil To $40 - Report
New outlook by international observers has shown that a substantial build of global crude stocks and a corresponding drop in oil prices is imminent if additional oil production cuts by OPEC in 2020,...
