Petrol Price Increased to N630.63 in October- NBS
The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023.
20 ships discharge petroleum products, others at Lagos ports – NPA
20 ships discharge petroleum products, others at Lagos ports – NPA
The Nigerian Ports Authority (NPA) said that 20 ships at the Lagos Port Complex...
Oil Rises as Prospect of Iran Deal Dims
Oil prices rise on supply concerns triggered by declining prospects of an Iran deal while an estimated increase in the United States (US) inventories capped further price upticks, raising demand woes.
Shell considers safety, schedules 200,000 bpd Bonga FPSO TAM for October
Shell Nigeria Exploration, and Production Company Limited (SNEPCo) on Sunday said its 200,000 barrels per day capacity Bonga Floating Production Storage and Offloading (FPSO) vessel has been scheduled for Turnaround Maintenance (TAM) in October.
Oil Prices Decline as IEA Sees Demand Slowdown
Oil Prices Decline as IEA Sees Demand Slowdown
FG recovered N2.6trn revenue from oil coys – NEITI
The Federal Government has recovered a total of N2.6 Trillion revenue from oil firms following the Nigeria Extractive Industries Transparency Initiative (NEITI) National Assembly intervention.
Crude oil production: Angola, Libya overtake Nigeria – OPEC report
Angola and Libya have overtaken Nigeria as Africa’s highest crude oil producer, says a report by the Organisation of the Petroleum Exporting Countries (OPEC).
Nigeria’s Oil Production Falls Below 1Mbpd
Nigeria’s crude oil production fell below 1 million barrels per day (mbpd) in August, figures from its regulator show, as the nation grappled with widespread theft from its pipelines.
OPEC+ agrees small oil production cut
OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have slid on fears of an economic slowdown.
16.5Bn Fuel Imports: NNPC Submits to Forensic Audit
The Nigerian National Petroleum Company Limited (NNPC Ltd) has offered to submit itself for a forensic audit of fuel supply and subsidy management, insisting that daily fuel supply is 68 million litres.
