Dangote Refineries still embittered over Naira – Crude oil initiative …C0NTINUE READING HERE >>> The Federal Government’s initiative to sell crude priced in naira is losing steam, the vice-president of Dangote Industries Limited, Edwin Devakumar, said in an interview with Reuters on Friday. Recall early last month, Nigeria officially commenced the sales of crude oil … Read more
BREAKING: NNPC unveils new crude oil grade …C0NTINUE READING HERE >>> In a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the Nigerian National Petroleum Company (NNPC) Limited has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. Recall that in … Read more
NNPC records 1.8mbpd crude oil production …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company (NNPC) Limited says it has achieved 1.8 million barrels per day crude production following continuous dislodgement of pipeline vandals and crude oil thieves. Mr Lawal Musa, Chief Production War Room Officer, NNPC Ltd., said this on Thursday in Abuja during … Read more
‘Trump’s Election Victory Raises Oil Prices’ …C0NTINUE READING HERE >>> Oil prices turned upward yesterday after initially dropping over $2 per barrel, despite a report of unexpected growth in U.S. crude stockpiles, as released by the Energy Information Administration (EIA). Brent crude futures rose 38 cents, or 0.5%, reaching $75.91 per barrel, while U.S. West … Read more
Oil Marketers Write Tinubu, Mull Shutting Down As Nigerians Reduce Fuel Consumption …C0NTINUE READING HERE >>> Amid a steep decline in fuel consumption due to surging fuel prices, oil marketers in Nigeria are facing unprecedented challenges, with around 10,000 dealers on the brink of shutting down. Recent data from the Nigerian Midstream and Downstream Petroleum … Read more