Crude oil
Nigeria’s crude oil production plunges to 998,602 bpd, lowest in seven months
By Business A.M. Nigeria’s oil production dipped below the one million mark to its lowest point in seven months in…
Pressure mounts on Buhari to investigate, prosecute oil thieves
By Olivia Nnorom ...as ex-diplomats, foreign ministers lend voice Pressure is mounting from many quarters on Nigeria’s President Muhammadu Buhari…
Shell resumes crude oil export at Forcados Terminal
By Innocent Obasi Nigeria’s revenue from crude oil could increase shortly as Shell Petroleum Development Company Limited…
Nigeria’s oil production plunges 1.2mbpd in April – OPEC data
BY CHISOM NWATU Nigeria’s crude oil production lost 1.53 percent to an average of 1.219 million barrels per day (mbpd)…
Nigeria, other African oil producers may lose market share as US floods European market
BY: Moses olajuwon Obajemu The United States has targeted European market by flooding it with its crude oil thereby…
Oil giant, Saudi Arabia, records $29bn deficit in Q2 as oil demand continues to fall
World oil-producing giant, Saudi Arabia, has recorded an oil revenue deficit of $29 billion for the second quarter of the…
Oil up on weaker dollar, high U.S. inventory
Oil prices rose on Thursday on the back of a weaker dollar, but gains were capped by concerns about rising…
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