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Tag: crude oil

FG: Cause Of Nembe Oil Spill Yet To Be Determined

National Oil Spill Detection and Response Agency (NOSDRA)
Warns against speculation Denies loss of 200,000 barrels of oil, Sylva-led delegation visits communities •Halliburton confirms engagement by Aiteo Three weeks after a pipeline explosion in Nembe, Bayelsa State, whichRead More

W’Bank: FG, States Won’t Be Able To Pay Salaries In 2022 If Fuel Subsidy Is Retained

World Bank
Kyari: NNPC may start invoicing the federation to maintain subsidy Finance Minister reveals plan to introduce transport grant for vulnerable Nigerians El-Rufai: Despite oil prices rising globally, there is noRead More

Wike: Bunkering Unstoppable Because Military, Police, Civil Defence Are Involved

Governor Nyesom Wike
Top officers aid oil theft Rivers State Governor, Mr. Nyesom Wike, has said the fight to stop crude oil theft has continued to fail, because top ranking officers of theRead More

In Durban, Buhari Says Nigeria’s Economy Now Restructured From Oil Dependence To Multiple Revenue Sources

President Muhammadu Buhari
States Africa’s challenges traceable to inability to domesticate production, provide jobs President Muhammadu Buhari has said his administration has transformed the nation’s economy from being solely dependent on oil revenueRead More

Niger Delta Group To Unveil Five Demands Feb 2022

Niger Delta
An urgent need for the Nigerian Constitution to be revised as recommended in the National Conferences convened in recent times, was top among five critical demands included in the NigerRead More

Nigeria Pumps Additional 155,000 bpd In September

Organisation of the Petroleum Exporting Countries (OPEC)
OPEC leaves demand unchanged for 2022 NNPC, tanker drivers strike deal on repair of bad roads, others Nigeria pumped about 155,000 additional barrels of crude oil per day (bpd) inRead More

OPEC Increases 2022 Global Oil Demand Forecast By 1mbpd

Organisation of the Petroleum Exporting Countries (OPEC)
Cartel’s data confirms Nigeria unable to meet August production quota Group says country’s economic recovery constrained by inflation, illiquidity The Organisation of Petroleum Exporting Countries (OPEC) yesterday expanded its globalRead More

Nigeria Struggles To Meet OPEC’s Crude Oil Quota

Crude oil
Records 2.8m barrels supply shortfall in August Despite requesting for a higher baseline in August, Nigeria failed to meet the existing crude oil supply quota allocated to it by theRead More

Foreign Trade Rises To N12.03trn In Q2

Foreign Trade
Export component = N5.08trn Import component = N6.95trn Trade deficit = N1.87trn Nigeria’s total external merchandise trade increased by 23.28 per cent to N12.03 trillion in the second quarter ofRead More

OPEC+ May Stick To Planned Output Hike On Oil Price Rebound

Organisation of the Petroleum Exporting Countries (OPEC)
The Organisation of Petroleum Exporting Countries (OPEC) and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounceRead More