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Crude Oil News
Buhari: Nigeria will Abide by OPEC’s Output Deal
President Muhammadu Buhari Wednesday in Abuja pledged Nigeria’s cooperation towards the ongoing efforts to reduce…
February 22nd 2019
OPEC: FG Mulls Cut in Crude Oil Production
President Buhari explained that higher oil prices would make both nations stronger and their citizens…
February 22nd 2019
Nigeria Will Consider Cutting Oil Supply to Attract Higher Prices, Buhari Tells Sauidi Arabia
Buhari commended the Saudi monarch for his leadership in global oil matters, assuring that Nigeria…
February 21st 2019
Attempted Theft at Oilfield Site Ends in Leak of Crude Oil Effluent
Damages are estimated at between $250,000 and $300,000.
February 21st 2019
Nigeria: Envoy Seeks Dangote Investment in Tanzanian Petroleum Industry
Specifically, the ambassador appealed to Aliko Dangote to replicate his huge investment in the country's…
February 19th 2019
IOC Signs $1.5 Billion Deal to Buy US Crude Oil
At current prices, the year-long contract beginning April is estimated to be worth $1.5 billion…
February 19th 2019
Oil Workers Hail Commencement of Exploration in Bauchi
The unions, as key stakeholders in the industry, appealed to the Buhari administration to accelerate…
February 18th 2019
Train Derailment Causes Crude Oil Spill in Central Canada
The incident reportedly occurred along one of the busiest Canadian rail lines.
February 18th 2019
Future of the OPEC+ Deal to Become Clear in April, Says Lukoil CEO
Iran, which is under US sanctions aimed at reducing its oil exports to zero, almost…
February 15th 2019
Nigeria’s Crude Oil Production Falls to 1.999m bpd
The OPEC’s 14 members pumped 30.81 million bpd in January, down from 31.60 million bpd…
February 15th 2019
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