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crude oil

Oil and Gas

OPEC quota rises, crude oil price to impact Nigeria’s 2025 budget

PLAN by the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, to increase crude oil output, coupled...
Ehime ALEX -
Oil and Gas

Nigeria’s crude oil production in January exceeds OPEC’s quota

NIGERIA's average daily crude oil production increased significantly to 1.539 million barrels per day (bpd) in January, exceeding the...
Ehime ALEX -
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Oil and Gas

Dangote Refinery eyes full capacity operations in March

THE Dangote Refinery currently operating at 85 per cent capacity could begin operating at full capacity in 30 days. The...
Ehime ALEX -
Oil and Gas

Dangote struggles for adequate crude supplies despite naira-for-crude

THE vice president of Dangote Industries Limited, Edwin Devakumar, has disclosed that Dangote Refinery and other local refiners are...
Nurudeen AKEWUSHOLA -
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Oil and Gas

Nigeria needs 1.5mbpd refining capacity to meet Africa’s demand – Dangote

THE chairman of Dangote Refinery and Petrochemicals Company Limited, Aliko Dangote, says Nigeria must develop a refining capacity of...
Ehime ALEX -
Oil and Gas

NNPCL’s forward sales hit N3.89trn amid local refineries’ crude lack

THE Nigerian National Petroleum Company Limited's (NNPCL) contract liabilities for crude oil supply to foreign creditors currently rose to...
Ehime ALEX -
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