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Home»Posts Tagged "crude oil"
News

Russia-Ukraine Crisis: Nigeria looks to Europe to increase sale of crude oil

By IBM AUTHORNovember 10, 202304 Mins Read

…As supply to India dips to 120,000mbpd Following the lingering conflict between Russia and Ukraine, the Nigerian National Petroleum Company…

News

Nigeria produces 1.49million barrels of crude oil in October, highest in two years – Survey

By IBM AUTHORNovember 3, 202303 Mins Read

Nigeria’s oil production output in October has risen to 1.49 million barrels the highest in two years. Recent data by…

News

House of Reps moves to halt huge revenue loss to crude oil theft

By IBM AUTHOROctober 24, 202302 Mins Read

The House of Representatives has resolved to introduce legislative instruments to halt crude oil theft, which led to loss of…

News

Crude oil production hits 20-month high of 1.57mbpd

By IBM AUTHOROctober 17, 202302 Mins Read

According to the latest monthly report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s average oil production hit a…

News

Nigeria lost 24.9m barrels of crude oil between January to May 2023 — Report

By IBM AUTHORAugust 21, 202303 Mins Read

Statistics by the African Energy Chamber (AEC) in its Q2 State of African Energy report has revealed that Nigeria lost…

News

Product on-board impounded MT PRAISEL not stolen crude oil – Navy

By IBM AUTHORAugust 6, 202305 Mins Read

Product on board a vessel, MT PRAISEL, impounded by Tantita Security Service Ltd. (a private security company, engaged by the…

News

Oil theft: Reps move to stop security agencies from burning stolen crude vessels

By IBM AUTHORJuly 19, 202303 Mins Read

…To probe disappearance of 150,000mts of crude from burnt vessel …Nigeria’s oil output falls 5.5% to 1.249 mb/d in Q1,…

Metro

Nigeria Acts Quickly To Prevent Oil Ship Withdrawal Due To Tax Charges

By IBM AUTHORJune 20, 202305 Mins Read

Nigeria’s Federal Government on Monday moved swiftly to stop foreign oil vessel owners from leaving Nigeria and withdrawing their services…

News

Bloomberg: Nigeria’s Oil Shipping Costs Soar as Tanker Owners Steer Clear

By IBM AUTHORJune 19, 202302 Mins Read

The cost of shipping oil from Nigeria surged the most in more than a year this weekend, prompting some ship…

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