crude oil

2024 budget to suffer setback as Nigeria won’t meet 1.78mbpd crude benchmark

NIGERIA's budgetary provision of 1.78 million barrels per day (bpd) of crude oil production will fall below the benchmark...

Despite 70 million litres of PMS discharged daily in 2 weeks, scarcity persists — Report

A REPORT by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that about N71.03 million litres...
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Opportunities for Nigerian traders as crude, wheat, palm oil prices skyrocket

THE Russian invasion of Ukraine has spiked prices of wheat, crude and palm oils as market volatility and shortfalls continue to push up costs of these products in the global market.

Residents halt oil exploration at Shell’s oilfield in Bayelsa, sack workers

Residents at Opukushi, Ekeremor Local Government Area of Bayelsa, have disrupted oil exploration activities at an oilfield operated by...
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Dangote to kickstart oil production with 20,000 barrels per day in July

DEVAKUMAR Edwin, Group Executive Director at Dangote Industries Limited says Africa's richest man, Aliko Dangote would begin production of...

Crude oil price plunges 47 percent below Nigeria’s $57 per barrel benchmark

International crude oil price on Monday plunged to $30,  a 47 per cent decline against the $57 benchmark for...
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