Tag: crude oil
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Crude Oil Price Rises Due to Weak Dollar and Chinese Data
Crude Oil Price Rises
A weaker US currency and an increase in refinery operations in China, the world's largest crude importer, helped the crude oil...
Buhari urged to probe missing 149 million barrels of crude oil in 2019 or face legal action
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “set up a presidential panel of enquiry to promptly probe the grim...
Babalola asserts that Nigeria’s crude production can reach 3 mbpd
According to Sunday Adebayo Babalola, a retired deputy director from the now-defunct Department of Petroleum Resources, Nigeria can exceed its quota from the Organization...
Stakeholders complain about the lack of strong consequences to prevent gas flaring
Nigeria loses $600 million annually due to under-reporting and unpaid penalties for gas flared and vented, according to a Stakeholders' technical session on Accountability...
Nigeria will keep its quota as OPEC+ lowers its goal for crude output by 2 mbpd
The Organization of Petroleum Exporting Countries and its allies, or OPEC+, decided yesterday to reduce their goal for crude production by two million barrels...
