Benchmark oil contract Brent North Sea crude climbed back to $60 per barrel on Wednesday, with OPEC cutting output and on easing concerns over weak demand growth. Around 0940 GMT, Brent crude for delivery in March stood above $60 for the first time in 3.5 weeks and was up 20 percent compared with two … Continue reading Brent Crude Oil Rises To $60 Per Barrel …
Tag: crude oil
Vandalism, poor funding, cause of Nigeria’s worst crude oil loss in 18 yrs – NEITI
JVC: Nigeria owes oil coys $5.1bn
Brent Oil Drops Under $70 For First Time Since April
Brent crude oil sank Friday under $70 per barrel before a weekend meeting of major oil-producing nations in Abu Dhabi. In London morning deals, Brent North Sea crude for delivery in January fell as low as $69.69 per barrel, a slide of 96 cents on the day, on surging US energy stockpiles. It comes … Continue reading Brent Oil Drops Under $70 For First Time Since April
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Breaking: USA becomes world’s biggest crude oil producer
Falana: $12.7bn worth of crude oil stolen from Nigeria under Jonathan
‘60m barrels of crude oil stolen from Nigeria’
Human rights lawyer, Femi Falana (SAN) yesterday said about 60.2 million barrels of crude oil were stolen from the country between 2011 and 2014. Speaking at the 40th anniversary of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Falana noted that the stolen product passed through the Philadelphia Port in the United […] …
Nigeria exports N7.3trn crude oil in six months
Nigeria’s crude oil export appreciated by 17.38 per cent to N7.308 trillion in the first six months of 2018 from N6.226 trillion recorded in the last six months of 2017, according to data obtained from the National Bureau of Statistics (NBS).
Continue reading Nigeria exports N7.3trn crude oil in six months at Vanguard News. …
17 years after, Nigeria-Sao Tome’s JDZ remains unproductive
Crude oil sells at $78.24 as output peaks
• China guarantees $2.8b for NNPC’s pipeline project Members of the Organisation of Petroleum Exporting Countries (OPEC) last month produced 32.74 million barrels of crude oil per day, as price rose sharply to $78.24. Considering the looming impact of the trade war between the United States and other major economies, including Iran, China and the […] …