The recent drop in crude oil prices, coupled with the reinstatement of the naira-for-crude supply arrangement for local refiners, could see the pump price...
The Nigerian Upstream Petroleum Regulatory Commission has declared the country’s official petroleum reserves position, revealing a staggering 37.28 billion barrels of crude oil and...
The Federal Executive Council has officially directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. The Ministry of Finance disclosed this...
An explosion resulting from illicit oil bunkering has shaken the peaceful oil-producing Obitti Community in the Ohaji/Egbema Council Area of Imo State. The explosion, which...
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production increased to 1.335 million barrels per day (bpd) in December...