Middle East Tensions Spark Oil Price Surge
The rise in crude oil prices can be attributed to the rising tensions that are currently being witnessed within the ...
Tag: oil
A Game-Changer or a Drop in the Bucket? Unpacking Nigeria’s Crude Oil Naira Sales
This morning, I received some bad news: NNPC has formally invoked a "family planning" system for distributing petrol products. To ...
Putin Warns of Dollar’s Demise if Middle East Oil Producers Switch Currencies
Russian President Vladimir Putin has declared that if Middle Eastern oil producers abandon the US dollar in their transactions, it ...
Libya’s Oil Shutdown: Political Power Struggle Risks National Stability
Libya, a significant oil producer in North Africa, is once again on the brink of political and economic turmoil as ...
Nigeria’s Non-Oil Exports Rise 6.26% to $2.7 Billion in H1 2024
The Nigerian Export Promotion council (NEPC) has announced that non-oil exports generated $2.7 billion in revenue for the first half ...
US Crude Oil Prices Dip Below $77 Amid Libyan Production Halt
U.S. crude oil futures are less than $77 per barrel on Tuesday, after a spike caused by Libya's blocks in ...
Niger Restarts Exporting Oil Through Benin After Suspension
The landlocked country of Niger has recommenced exporting crude oil through Benin after a friction between the countries halted the ...
NNPCL Uncovers 63 Illegal Refineries as Nigeria’s Oil Industry Grapples with Sabotage and Theft
Oil theft and illegal refining in the Niger Delta region continue to be major challenges in Nigeria. In a recent ...
The Oil Curse: Nigeria’s Bittersweet Blessing
Nigeria, a nation blessed with an abundance of oil but cursed by its own existence. The oil industry has been ...
Middle East Tension Boost Oil Price
Oil prices surged for a third consecutive session on Thursday driven by a tightening US crude inventory and fears of ...
Libya’s Government Denounces Oil Field Disruption as “Political Blackmail”
Libya's internationally recognized government condemned attempts to cut operations at the Sharara oil field on Sunday, labeling them as "political ...
Venezuela Opens Up Oil and Gas Sector to BRICS Nations
Venezuela's decision to allow oil and gas extraction rights to BRICS countries is a strategic move towards diversification of its ...
Revive Dormant Oil Metering Contracts- CASER to FG
The federal government has been advised to activate existing oil metering contracts to minimise duplication and potential income loss. The ...
IYC Threatens to Shut Down oil and Gas Exploration and Exploitation in the Niger Delta
The Ijaw Youth Council has threatened to oil and stop gas exploration and exploitation activities in the Niger Delta due ...
Libya Denies Oil Talks with Nigeria
Libya's National Oil Corporation (NOC) has vehemently denied claims that it is in talks with Nigeria to supply crude oil. ...
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