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Tag "crude oil"

Oil inches towards $80 after OPEC+ calls off output talks

    Oil inches towards $80 after OPEC+ calls off output talks

Oil prices continued an upward trend after talks collapsed among ministers from OPEC+ — consisting of the Organisation of the Petroleum Exporting Countries and allies. In early Tuesday trading, crude prices

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Oil rises as OPEC+ again postpones decision on production supply

    Oil rises as OPEC+ again postpones decision on production supply

Crude oil prices continued an upward trend on Monday ahead of another meeting of OPEC+ — consisting of the Organisation of the Petroleum Exporting Countries and allies — where producers

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PIB: Local refineries to buy crude oil in naira

    PIB: Local refineries to buy crude oil in naira

Holders of crude oil refining licences in Nigeria will pay for domestic crude oil supply in Naira. This is according to the Petroleum Industry Bill (PIB) passed by the senate

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Oil dips after OPEC+ postpones decision on output increase

    Oil dips after OPEC+ postpones decision on output increase

Crude oil prices edged lower on Friday after OPEC+ — consisting of the Organisation of the Petroleum Exporting Countries and allies — postponed a meeting on output policy. At the

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Nigeria’s oil revenue gets boost as Brent crude hits $75

  Nigeria’s oil revenue gets boost as Brent crude hits $75

Brent crude, the global oil benchmark, has crossed the $75 mark — highest level since April 2019 —  in what

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Surging oil prices will create problems for Nigeria, says Mele Kyari

  Surging oil prices will create problems for Nigeria, says Mele Kyari

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says rising crude oil prices will cause problems

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Osinbajo: Nigeria’s economy has depended on conditions driven by oil for too long

  Osinbajo: Nigeria’s economy has depended on conditions driven by oil for too long

Vice-President Yemi Osinbajo says Nigeria’s dependence on crude oil is not good for the economy. He spoke on Thursday at

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DPR: 7,000 oil reserves discovered, only 1,700 producing

  DPR: 7,000 oil reserves discovered, only 1,700 producing

The Department of Petroleum Resources (DPR) says that out of 7,000 oil reserves that have been discovered in the country,

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COVID-19 surge: Nigeria’s oil revenue at risk as India slows down crude purchases

  COVID-19 surge: Nigeria’s oil revenue at risk as India slows down crude purchases

India, one of Nigeria’s top oil buyers, has slowed down its crude purchases as it continues to battle rising COVID-19

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Demand optimism drives crude oil above $70

  Demand optimism drives crude oil above $70

Brent crude, the global oil benchmark, on Tuesday, topped $70 per barrel on the back of an improved demand outlook.

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