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...
…Says $700 m required to up capacity By DANLADI BATURE IBE Kachikwu, Minister of State, Petroleum Resources and group managing director (GMD) of Nigerian National Petroleum...
Oil hit a 12 year low of $27.50 per barrel on January 20, when bearish sentiment gripped the world’s over-supplied markets. OPEC secretary-general Abdalla El-Badri said...
By BILL EMMOTT PRICE movements as large and rapid as those that have upended oil markets since June 2014 are sure to cause pain to some...
