By Kemi Adeosun Descriptions of Nigeria’s economy often include such phrases as ‘Africa’s largest oil producer’ and ‘the oil rich African nation’ but oil economies...
Rising cost of crude oil in the international market and its impact on the price of Premium Motor Spirit (PMS) has continued to take its toll...
Nigeria is home to Africa’s largest petroleum industry, with crude oil making up a signification portion of the country’s exports. But many residents in the Niger...
Nigerian crude for August loading is proving slow to find buyers amid rising supply, Reuters quoting oil trading sources has reported. Reuters said the supply glut...
Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy...
By OKOSUN DENNIS The Nigerian Navy confiscated crude oil and diesel worth about N420 billion in 2016 according to the Chief of the Naval Staff, (CNS)...
Nigeria is said to have lost 23.1 million barrels of crude oil from August 16 to September 5 as a result of the activities of the...
ONE of Nigeria’s major oil buyers, India’s Bharat Petroleum Corporation Ltd has issued a spot tender to purchase several Malaysian light sweet crude grades, raising expectations...
THE statement by the outgoing Ambassador of the United States of America (USA) to Nigeria, James Entwistle at an event in Abuja to mark the 240th...
INVESTIGATION has revealed that Nigeria loses a massive 400,000 barrels of crude daily to pirates in the Gulf of Guinea. Overall damage from piracy, theft and...
