Crude oil

More revenue worries for Nigeria as oil price crashes to $33, loses $11 in hours 

The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel.…

Nigeria’s oil reserves’ll run dry in 49 years – DPR

The nation’s crude oil reserves of 37 billion barrels, two per cent of which is being produced annually, will be…

Nigeria’s daily oil production plunges to 1.57m barrels

Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day last month, the Organisation of…

Surprise crude oil build threatens oil rally

The American Petroleum Institute (API) has estimated a crude oil inventory build of 1.41 million barrels for the week ending…

Nigeria lost $42bn to oil theft in 10 years – NEITI

As per a verifiable reports from the Nigeria Executive Industries Initiatives, around $41.9bn worth of crude oil and refined products were…

Oil prices rise as Saudi supply risks come into focus

Oil prices rose sharply on Thursday, supported by supply risks as the market assesses the fallout from last weekend’s drone…

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