The Nigerian National Petroleum Company Limited (NNPCL) reported 188 cases of oil theft between August 24 and 30, 2024, with incidents spread across the Niger Delta. Key findings include:1. Illegal Re...
According to a recent report, Nigeria lost over N720 billion in revenue in February and March 2024 due to its crude oil production declining month after month.It was also announced that Nigeria missed...
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...
Today, Brent crude oil reached $83 per barrel following the meeting of the Organization of Petroleum Exporting Countries (OPEC), as it holds today.At around 7:47 AM, GMT+1, the review of global prices...
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...
Oil prices recovered on Tuesday after witnessing a massive three-week , which was a result of the pressure of the United States dollar and the global economic negative trend. Brent crude oil rose...
On Thursday, September 28, Brent Crude oil rose to $97.2 per barrel making it to reach its highest level since it climbed in November last year.The surge in oil prices was driven by the rise in ...
On Monday, the price of crude oil rose to a barrel costing $95 and beyond. Brent crude increased by 0.38% to settle at $94.30 a barrel as of 11.14 WAT, while US West Texas Intermediate crude increased...
The latest discovery on the Nigerian economy shows that the price of Bonny Light crude oil increased to $92.79 per barrel, which was a significant increase from the $90.88 per barrel recorded last Tue...
Nigeria has once again reclaimed its position as Africa's leading crude oil producer, as reported by the Organization of Petroleum Exporting Countries (OPEC) for the month of May 2023. The country's d...