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Crude Oil News
Nigeria Issues Arrest Warrants for Ex-Ministers over Malabu Oil Deal
The $1.3 billion deal has spawned legal cases spanning several countries and involving Nigerian government…
April 18th 2019
Iran’s Oil Exports Hit New 2019 Low So Far in April
The United States reimposed sanctions on Iran in November after pulling out of a 2015…
April 18th 2019
Nigerian Navy Declares 4 Persons Wanted Over Crude Oil Theft
The four persons are crew of a Merchant Vessel GRACE WATER which was arrested on…
April 17th 2019
This New Oil Hotspot is Replacing Venezuelan Crude
With sanctioned Venezuelan oil, the first alternative for buyers would naturally be more medium and…
April 17th 2019
Nigeria’s Daily Crude Production in 2018 Stood at 2.019 Million Barrels-NNPC
The NNPC Group Managing Director, Maikanti Baru, disclosed this at the 12th International Conference of…
April 16th 2019
U.S. Exported 2 MMbopd of Crude Oil in 2018 to 42 Destinations, Nearly Doubling 2017
The increase in U.S. crude oil exports was the result of increasing U.S. crude oil…
April 16th 2019
Russia Committed to OPEC+ Oil Cuts: UAE Energy Minister
Russia will not increase its output unless in coordination with the rest of OPEC and…
April 12th 2019
Asian Demand of Nigeria’s Crude Oil Compensates Large US Export Drop
Nigerian crude has taken a beating for the last 10 years ever since the U.S.…
April 12th 2019
Shell Emerges Nigeria’s Most Impactful Local Content Company
Shell beat other competitors, Total and ExxonMobil to the second and third positions respectively at…
April 11th 2019
OPEC: Venezuela, Saudi Crude Oil Output Slumps
OPEC, Russia and other non-member producers are reducing output by 1.2 million bpd from Jan.…
April 11th 2019
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