The Nigerian Navy says it has arrested 10 persons for alleged involvement in oil bunkering in Akwa Ibom state. The navy also said it seized 7,000 barrels of crude oil
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Tantita Security Services Limited (TSSL), a private security firm, says its operatives have intercepted a vessel conveying about 80,000 litres of stolen products suspected to be crude oil in Bayelsa.
Crude oil traders have raised concerns about Nigerian products after the Nigerian National Petroleum Company (NNPC) Limited changed its price model to supply the commodity. This is according to a
Oil prices rose on Wednesday after industry data showed a large drop in crude inventories of the United States, the world’s top oil consumer. Brent crude oil futures, global oil
The senate has asked the federal government to abolish the excess crude account (ECA). The resolution was made sequel to a
The rebirth of militancy in the Niger Delta has reduced Nigeria’s production capacity by 140,000 barrels per day (bpd). While
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