50.24$US/1 Barrel
59.70$US/1 Barrel
55.10$US/1 Barrel
68.87$US/1 Barrel
75.61$US/1 Barrel
75.71$US/1 Barrel
77.66$US/1 Barrel
65.01$US/1 Barrel
64.04$US/1 Barrel
67.79$US/1 Barrel
50.11$US/1 Barrel
55.68$US/1 Barrel
55.28$US/1 Barrel
60.68$US/1 Barrel
64.72$US/1 Barrel
60.50$US/1 Barrel
62.00$US/1 Barrel
52.50$US/1 Barrel
57.50$US/1 Barrel
59.00$US/1 Barrel
485.00$US/MT
378.00$US/MT
705.00$US/MT
585.00$US/MT
508.00$US/MT
463.75$US/MT
368.00$US/MT
395.25$US/MT
678.00$US/MT
844.25$US/MT
SEATTLE (Oil Monster): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced release of new guidelines, aimed at tracking crude oil cargoes in a more efficient, accountable and transparent manner.
In accordance with the Nigerian Upstream Petroleum Advance Cargo Declaration Regulation, 2024, the rules are being released with the intention of creating a strong framework for the declaration and monitoring of the nation's exports of crude oil and petroleum products. It will also keep an eye on the flow of crude oil around the nation.
The country has seen a high rate of crude oil theft, which the new regulations would aim to avoid. Furthermore, it will stop under-declaration at export ports, guaranteeing that only approved goods in the appropriate quantity are shipped. Additionally, it will guarantee that the government gets the right amount of money from exports.
As a result, exporters must use the NUPRC's online platforms to secure an export authorization, vessel clearance, and a Unique Identification Number (UIN) before shipping. Following exporter identification verification and export volume verification, the regulator will issue the clearance notification and a Unique Identification Number (UIN). All legitimate export paperwork must include a quote for the UIN.