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Tag: crude oil

OPEC: Nigeria Produced 558,000 Barrels Less Oil In April Compared With March

Crude oil
Again, cartel cuts global oil demand growth forecast Again, Nigeria failed to ramp up crude oil production despite all the sloganeering by the various agencies of government, producing 558,000 barrelsRead More

Nigeria’s Private Refineries’ Operators Groan Under Weight Of Crude Scarcity As NNPC Focuses On Export

Nigerian National Petroleum Corporation (NNPC)
he few small-scale refineries operating in Nigeria are facing a huge challenge of crude oil supply, as the Nigerian National Petroleum Company (NNPC) Limited continues to focus on exporting theRead More

Nigeria’s Oil Under-production Undermines OPEC Projection In April

Organisation of the Petroleum Exporting Countries (OPEC)
NNPC, partners produced 345,000kpd less last month Cartel to stick with supply plan despite growing pressure Nigeria, Libya and a handful of African countries again hobbled the projected oil productionRead More

Oil Theft: Navy Seizes 6 Million Litres Of Stolen Crude From Illegal Refiners

Illegal Oil Refinery
Buhari mourns over 100 persons killed in Imo explosion, says it’s national disaster Insists those responsible must be brought to justice Directs security agencies to clamp down on oil theftRead More

FG To Boost Crude Oil Production In Two Weeks

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed
Says shocks in oil market difficult to manage *Attributes high cost of fertiliser to scarcity of potassium The federal government will boost crude oil production through the reactivation of oilRead More

108 Feared Dead As Illegal Refinery Explodes In Imo

Illegal Oil Refinery
No fewer than 108 people were killed on Friday night, while several vehicles were burnt after an illegal refinery exploded at Abaezi forest in the Ohaji-Egbema Local Government Area ofRead More

Report: OPEC+ Supply Gap Widened In March On Cut In Russian Output

Organisation of Petroleum Exporting Countries (OPEC)
Cartel produced 1.45m barrels less last month The Organisation of Petroleum Exporting OPEC+ produced 1.45 million barrels per day (bpd) below its production targets in March, a Reuters report hasRead More

FG Admits Security Personnel In N’Delta Conniving With Criminals To Steal Oil

Minister of State for Petroleum Resources, Chief Timipre Sylva
Says Elumelu wasn’t speaking for the oil industry about 95% losses Ramps of monitoring of agents deployed in fight against menace The federal government yesterday admitted that some security personnelRead More

Kyari Rallies NUPENG, NARTO, Others To Tackle Crude Oil Theft

NNPC Group Managing Director, Mallam Mele Kyari
The Group Managing Director of the Nigerian National Petroleum Company Ltd, Mele Kyari is seeking the support of the National Association of Petroleum and Engineering Gas Workers (NUPENG), the NationalRead More

Lawmakers Investigate Crude Oil Production, Revenue Generated By NUPRC

Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
The House of Representatives Committee on Finance, yesterday requested for details of crude oil production from October 2021 to March, 2022, with a view to determining the revenue accrued toRead More