Nigeria Lifts Production Targets Ahead of OPEC+ Meeting
Nigeria is ramping up its production targets ahead of a pivotal OPEC+ meeting set to...
Oil & Gas
Waltersmith Modular Refinery Expansion to be Ready by Q2/2025 – Abdulrazaq Isa
The Waltersmith Modular Refinery expansion is projected to be completed by Q2/2025. This information comes...
Nigeria Records 172 Crude oil Theft Incidents From November 11 to 17 – NNPCL
Nigeria recorded 172 crude oil theft incidents from November 11 to 17. A report by...
Cooking Gas Price Rose by 14.4% in October-NBS
The average retail cost for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (Cooking Gas)...
Brent Crude Futures Gain $2, as OPEC Plans Further Supply Cuts
Brent crude futures climbed more than two per cent, gaining $2 a barrel on Monday as further supply cuts in OPEC+ production are expected in the coming weeks. Brent crude futures were up $2.00 to $82.61 a barrel. U.S. West Texas Intermediate crude was up $1.65, or 2.17% at $77.54 just as the Organisation of the Petroleum Exporting Countries and allies (OPEC+) are likely to extend or even deepen oil supply cuts into next year, after a more than 15% drop in Brent prices from a peak in September, eight analysts have predicted. The front-month December WTI contract expires later on Monday. The more active January...
Petroleum Tanker Drivers Threaten to Exit NUPENG After Disputed Poll
The Petroleum Tanker Drivers (PTD) have threatened to exit its umbrella body, the Nigeria Union of...
Global Dividend Growth Slows in Q3 Amid Oil and Mining Sector Cuts -Report
Global dividend payouts experienced a modest decline in the third quarter, falling 0.9% on a...
Oil Price Drops by 0.5% to $80/brrl
Brent price declined by 0.5 per cent to US$80.78 per barrel as US crude inventories...
Nigeria is Africa’s Top Crude Oil Producer for October 2023 – OPEC
Nigeria is Africa’s top crude oil producer for October 2023. This is according to the...
NNPCL Restores Oil Production of 275,000 bpd at TotalEnergies
The Nigerian National Petroleum Company Limited (NNPCL) has restored oil production of 275,000 barrels per...
