Buhari approves upward review of oil transporters freight rate
President Muhammadu Buhari has approved the upward review in freight rate for transporters to alleviate the challenges associated…
Browsing Tag
Oil
Bayelsa Governor rejects claims that ‘cocoa money was used to develop oil’…
Bayelsa State Governor Duoye Diri has explained that oil wasn’t developed in Nigeria by money made from cocoa farming but money…
Oil Price Tops $90 Per Barrel For First Time Since 2014
Brent oil on Wednesday surpassed $90 per barrel to strike the highest level for more than seven years, rattled by geopolitical…
COVID-19: Oil Sustains Growth as Trump Resumes Office
Oil prices continued its rise on Tuesday after jumping 5 per cent on Monday as the United States President, Mr Donald Trump,…
Oil gains two per cent as Nigeria, others reduce production
Oil futures gained more than two percent on Thursday after major producers at a meeting of the Joint Ministerial Monitoring…
Oil slips to $71, hit by talk of higher OPEC production
Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern…
Oil prices rise as OPEC cuts supply
Oil
prices were near 2019 highs on Tuesday, supported by supply cuts led
by producer club OPEC.
U.S.
sanctions against oil…
Nigeria generated $17.05b revenue from oil, gas sector in 2016 –…
Nigeria generated $17.05 billion from the oil and gas sector in 2016 representing a 31 per cent decline on the $24.79 billion…
FG approves $60 benchmark as oil drops to $58 per barrel
Baring any last minute change of plans, the Federal Government has retained the $60 benchmark per barrel despite the fluctuating…
Nigeria earned $1.1tr from oil in 28 years – Osinbajo
Nigeria made over $1.1 trillion from oil in 28 years, Vice President Yemi Osinbajo, said at the weekend.
According to him,…