The Department of Petroleum Resources (DPR) on Friday debunked claims that the exact volume of crude oil produced in the country was not known. Mr Paul Osu, Head, Public Affairs,
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The price for Brent crude oil fell below Nigeria’s benchmark of $40 per barrel on Thursday to a four-month low of $37. This comes amidst fear of a new collapse
One of Nigeria’s most important oil customers, India, purchased over 336,000 barrels of crude daily from the country in October. The country considered Nigerian petroleum more than it did import
Oil prices have surged after suspected attacks on two tankers in the Gulf of Oman near the Iranian coast. A unit of the United Kingdom’s Royal Navy said it was
The Chief of Defence Staff, General Gabriel Olonisakin, has identified crude oil theft, illegal bunkering, pipeline vandalism, illegal refining of petroleum products and piracy in the Gulf of Guinea as
Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Wednesday, urged Federal Government to attach premium to palm oil production, saying its price is higher than that of crude
