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Tag "crude oil"

Allegations against NNPCL over ‘$2.4bn missing crude oil’ baseless, says CHURAC

    Allegations against NNPCL over ‘$2.4bn missing crude oil’ baseless, says CHURAC

Cleric Ebikonbowei Alaowei, chairman, board of trustees, Centre for Human Rights and Anti-Corruption Crusade (CHURAC), says the allegation against the Nigerian National Petroleum Company (NNPC) Limited over a “stolen” 48

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Obi to Bauchi residents: Your crude oil is for development — not for sharing

    Obi to Bauchi residents: Your crude oil is for development — not for sharing

Peter Obi, the presidential candidate of the Labour Party (LP), says if elected, his administration will ensure that the crude oil discovered in Bauchi is used judiciously. In October 2019,

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Nigeria misses OPEC quota as oil production shortfall hits 6.9m bpd in 11 months

    Nigeria misses OPEC quota as oil production shortfall hits 6.9m bpd in 11 months

Nigeria recorded a shortfall in crude oil production totalling 6.9 million barrels per day (bpd) between January and November, 2022. This is contained in reports obtained from the Organisation of

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Nigeria’s oil production rose to 1.18m bpd in November

    Nigeria’s oil production rose to 1.18m bpd in November

Nigeria’s crude oil production increased in November to an average of 1.18 million barrels per day (bpd) from 1,014,485 bpd in the previous month. The Nigerian Upstream Petroleum Regulatory Commission

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FX crisis: Ghana to use gold instead of US dollars to buy oil

  FX crisis: Ghana to use gold instead of US dollars to buy oil

The Ghanaian government says it is making plans to use gold to buy imported oil products amid the country’s forex

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At 972,394 bpd, Nigeria’s oil output drops to record low

  At 972,394 bpd, Nigeria’s oil output drops to record low

More worries for the Nigerian government as crude oil production dropped below the one million mark in August 2022. Checks

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Oil price tops $100 a barrel on possible OPEC+ output cuts

  Oil price tops $100 a barrel on possible OPEC+ output cuts

Oil price rose above $100 a barrel amid talks of output tightening to support prices in the case of a

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NNPC to receive N422bn from six IOCs for domestic crude oil sales

  NNPC to receive N422bn from six IOCs for domestic crude oil sales

The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N442.37 billion in August as

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Oil prices fall below $100 a barrel ahead of OPEC+ meeting

  Oil prices fall below $100 a barrel ahead of OPEC+ meeting

Oil prices fell on Tuesday ahead of the meeting of the Organisation of Petroleum Exporting Countries (OPEC) and its allies,

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INVESTIGATION (I): In Nigeria, refining oil costs more than human lives

  INVESTIGATION (I): In Nigeria, refining oil costs more than human lives

BY GABRIEL OGUNJOBI Rivers and Delta are two of the ten oil-producing states in the Niger Delta region. In many

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