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Crude Oil News
AMCON Takes Over Sea Petroleum Oil & Gas Limited
The company is owned by former Minister of Aviation, Princess Stella Oduah-Ogiemwonyi. The take-over was…
May 21st 2018
Rising Oil Could Spike Import Bill by $25-50B: DEA Secretary
The two factors have caused the rupee depreciating to below 68 a dollar and ten-year…
May 21st 2018
Nigeria: Petroleum Industry Bill Yet to Reach Buhari-Presidency
The PIGB is one of the four segments of the Petroleum Industry Bill (PIB). The…
May 18th 2018
Brent Crude Oil Price Hits $80 Per Barrel
Traders say the price of Brent crude has risen due to fallen US crude inventories.
May 18th 2018
PIB: NNPC Seeks Split of Petroleum Licenses
The proposed split would prevent a situation where operators would sit perpetually on oil acreages.
May 17th 2018
Iran Agrees to Build New Oil Refinery for Sri Lanka
Sri Lanka has also discussed another 100,000 bpd refinery in partnership with Indian Oil Corp,…
May 17th 2018
Nigerian Refineries Added 10% to Petrol Consumption in 2017: NNPC
NNPC imported 12.97 billion liters of the product into the country in 2017, representing 90…
May 16th 2018
MCX Commences Options Trading in Crude Oil Contracts
In order to encourage active participation in the market the exchange is not levying any…
May 16th 2018
OPEC Forecasts 2018 Crude Oil Demand at 98.85 Million Barrels a Day
Crude prices are higher Monday morning, with West Texas Intermediate for June delivery trading up…
May 15th 2018
Nigeria’s NNPC Issues Two-Year Crude Oil Contracts
The final list could contain between 50 to 60 companies, the sources added.
May 15th 2018
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