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 collapse of SVB has had a significant impact on the oil market, and Brent crude has been hit particularly hard. As a global benchmark for oil prices, the fall in Brent crude prices below $80 per b...
Foreign trade of N39.8 trillion was documented in Nigeria, in 2021. Indicating a 58% rise distinguished to N25.22 trillion documented in 2020. This is in respect to the just-broadcasted foreign trad...
According to the Federal Government (FG), the $35 million disbursement from the Excess Crude Account (ECA) is from June 2022 and is an advance payment for the purchase of brand-new Offshore Patrol...
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to “set up a presidential panel of enquiry to promptly probe the grim allegations that US$2.1 billion...
Following the report of the oil price war, quite a number of index tracking-funds that can be traded on the stock market have been greatly exposed to volatility in the oil and energy sectors. This is ...
On Monday, Dangote Petroleum Refinery said it was going to start production following the 6 bath of one million barrels of crude oil that was supplied by the NNPCL following their past deal.Dangote Re...
It was said that Nigeria's oil industry would gain pace heading into 2022 after the passage of the Petroleum Industry Act (PIA) and a moderate recovery from a COVID-19-induced recession; but, the sect...
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...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) data shows that Nigeria produced a total of 1.4 million barrels of crude oil per day.The August data released shows that oil production wa...