Saudi oil cuts leave East Africa in season of high fuel prices
East African economies are facing a sustained period of high fuel prices after Saudi Arabia, the world’s largest oil exporter, ...
Tag: Oil
Oil sector deregulation will provide more jobs, NOA tell Nigerians
Kaduna, July 4, 2023: The National Orientation Agency (NOA) says the deregulation of downstream sector of petroleum industry would create ...
Oil theft camps in Bayelsa fall in military offensive
Abuja, June 27, 2023: Troops of the Nigerian Army have raided camps suspected to belong to unrepentant militants and illegal ...
NUPRC plans to exceed OPEC’s crude oil production quota
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has resolved to focus on high crude oil production to exceed ...
Nigeria’s daily oil production hits 1.5m per barrel
Abuja, June 7, 2023: Nigeria’s crude oil production increased to an average of 1.51m barrel per day in the first ...
Oil price increases as Saudi production cut production
Oil prices were on the rise on Monday following Saudi Arabia’s announcement that it would cut its oil output by ...
Six suspected oil thieves in NNPC’s net
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has intercepted an illegal Crude Oil Barge and arrested six ...
Nigeria’s oil, condensate reserves stand at 36.966 bbl in January
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s oil and condensate reserves as at Jan. 1, stands at ...
FG assures collaboration with OTL Africa to sanitise, drive oil sector
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has agreed to partner with Oil Trading and Logistics (OTL) Africa ...
Buhari inaugurates first oil drill in Nasarawa
President Muhammadu Buhari on Tuesday inaugurated the first drilling of the Ebenyi-A Exploration Well located in the Middle Benue Trough ...
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