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Tag "crude oil"

OPEC projects gradual crude oil recovery in H2 2021

    OPEC projects gradual crude oil recovery in H2 2021

A joint committee of ministers from OPEC and non-OPEC countries have projected an increase in global crude oil demand by second half (H2) 2021. The ministers gave the prediction during

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Shell pipeline spills 110 barrels of crude oil into Bayelsa community

    Shell pipeline spills 110 barrels of crude oil into Bayelsa community

The Okordia-Rumekpe 14-inch crude truckline operated by Shell Petroleum Development Company (SPDC) has discharged 110 barrels of crude oil into Ikarama community in Bayelsa state. Bamidele Odugbesan, SPDC’s media relations

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‘It’s a question of time’ — Obaseki says Nigeria’s dependence on oil revenue unsustainable

    ‘It’s a question of time’ — Obaseki says Nigeria’s dependence on oil revenue unsustainable

Godwin Obaseki, governor of Edo, has asked the federal government to diversify the nation’s revenue base away from crude oil. The governor had recently raised alarm over alleged “monetary rascality”

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We have accurate record of crude production, DPR replies NEITI

    We have accurate record of crude production, DPR replies NEITI

The Department of Petroleum Resources (DPR) says it has a record of the exact quantity of crude oil produced in the country. Ogbonnaya Orji, executive secretary of the Nigeria Extractive

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We don’t know exact quantity of crude oil Nigeria produces, says NEITI boss

  We don’t know exact quantity of crude oil Nigeria produces, says NEITI boss

Ogbonnaya Orji, executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), says the exact quantity of crude oil produced

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Oil prices decline after surge in US gasoline stocks

  Oil prices decline after surge in US gasoline stocks

Crude oil prices fell on Thursday after official figures showed a significant increase in gasoline inventories of the United States.

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Nigeria may benefit as India plans to buy more crude oil from Africa

  Nigeria may benefit as India plans to buy more crude oil from Africa

The Indian government says it will increase its crude oil purchases from oil-producing countries in Africa to meet its growing

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Nigeria’s gradual road to economic recovery

  Nigeria’s gradual road to economic recovery

Africa’s largest economy has displayed resilience over the past few months. From defending against the COVID-19 menace to battling untamed

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NNPC: No plans to increase depot price of petrol in February

  NNPC: No plans to increase depot price of petrol in February

The Nigerian National Petroleum Corporation (NNPC) says it has no plans to increase the ex-depot price of premium motor spirit,

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Brent crude passes $63 as risk-on sentiment soars

  Brent crude passes $63 as risk-on sentiment soars

Oil prices kicked off the week on a strong footing, hitting a new 13-month high in early Asian trade. The

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