What Is Crude Oil?Crude oil, also known as petroleum, is a naturally occurring yellowish-black liquid mixture that is mainly hydrocarbons and is usually found in geological formations. The name p...
The Organisation of Petroleum Exporting Countries (OPEC), on January 18, 2024, released its Monthly Oil Market Reports (MOMR), revealing that Nigeria has experienced an increase in its crude oil outpu...
Mele Kyari, the astute Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, has made a remarkable proclamation regarding Nigeria's crude oil production. In an interview ai...
The National Palm Produce Association of Nigeria (NPPAN), which represents farmers throughout the nation, is urging the Federal Government to work with the union to develop palm oil markets in order t...
In previous months, the Organization of Petroleum Countries has been having issues with a few of its members, leading to Angola leaving OPEC and a decline in global crude oil prices on Thursday.Before...
Recent reports from S&P Global Commodity Insights have revealed that the Nigerian crude oil industry is facing a significant setback due to the emergence of a cheaper alternative. Blending two cru...
Today the United States Crude Oil price became negative because the demand for oil has slowed to the point that the seller of crude has to pay the buyer to take the oil that he wants to sell. &nb...
Recent data from the federal government of Nigeria revealed that the nation's oil output rose to 1,426,574 barrels a day in January 2024.If these figures continue to increase, Nigeria will have more f...
Oil prices rose even higher after discussions between Russia-Ukraine failed to yield any positive results. This made the market continue to worry about limited supplies, which prompted the Internation...
What is the definition of a Barrels of Oil Equivalent (BOE)?DefinitionBarrels of oil equivalent is a measure of the amount of energy contained in a barrel of oil. BOE is primarily a measure of en...