crude oil

BREAKING: Finally, Port Harcourt Refinery Commences Crude Oil Production

by
BREAKING: Finally, Port Harcourt Refinery Commences Crude Oil Production

BREAKING: Finally, Port Harcourt Refinery Commences Crude Oil Production …C0NTINUE READING HERE >>> Newsone Nigeria reports that Port Harcourt Refinery owned by the Federal Government of Nigeria, has commenced processing crude oil production. The Nigerian National Petroleum Company Limited spokesperson, Olufemi Soneye, who disclosed this on Tuesday, November 26, 2024, said the refinery has kicked off with … Read more

Dangote Refineries still embittered over Naira – Crude oil initiative

by
Dangote Refinery can only prodice 36% of petrol demand

Dangote Refineries still embittered over Naira – Crude oil initiative …C0NTINUE READING HERE >>> The Federal Government’s initiative to sell crude priced in naira is losing steam, the vice-president of Dangote Industries Limited, Edwin Devakumar, said in an interview with Reuters on Friday. Recall early last month, Nigeria officially commenced the sales of … Read more

BREAKING: NNPC unveils new crude oil grade

by
NNPC Limited and echoes of 2007 - By Magnus onyibe

BREAKING: NNPC unveils new crude oil grade …C0NTINUE READING HERE >>> In a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the Nigerian National Petroleum Company (NNPC) Limited has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. Recall that in … Read more

NNPC records 1.8mbpd crude oil production

by
NNPC Limited and echoes of 2007 - By Magnus onyibe

NNPC records 1.8mbpd crude oil production …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company (NNPC) Limited says it has achieved 1.8 million barrels per day crude production following continuous dislodgement of pipeline vandals and crude oil thieves. Mr Lawal Musa, Chief Production War Room Officer, NNPC Ltd., said this on Thursday in … Read more

‘Trump’s Election Victory Raises Oil Prices’

by
World Leaders Congratulate Donald Trump

‘Trump’s Election Victory Raises Oil Prices’ …C0NTINUE READING HERE >>> Oil prices turned upward yesterday after initially dropping over $2 per barrel, despite a report of unexpected growth in U.S. crude stockpiles, as released by the Energy Information Administration (EIA). Brent crude futures rose 38 cents, or 0.5%, reaching $75.91 per barrel, while U.S. West … Read more

Oil Marketers Write Tinubu, Mull Shutting Down As Nigerians Reduce Fuel Consumption

by
NACCIMA Reacts As NNPC Increases Fuel Price In Abuja, Lagos

Oil Marketers Write Tinubu, Mull Shutting Down As Nigerians Reduce Fuel Consumption …C0NTINUE READING HERE >>> Amid a steep decline in fuel consumption due to surging fuel prices, oil marketers in Nigeria are facing unprecedented challenges, with around 10,000 dealers on the brink of shutting down. Recent data from the Nigerian Midstream and Downstream Petroleum … Read more

Crude Oil Supply Challenges Ease As Dangote Refinery Receives Four Cargoes

by
It's Not Threat, We Expect Dangote Refinery To Sell Cheap Like NNPC - IPMAN

Crude Oil Supply Challenges Ease As Dangote Refinery Receives Four Cargoes …C0NTINUE READING HERE >>> The Dangote Petroleum Refinery has taken delivery of four crude oil cargoes from the Nigerian National Petroleum Company Limited (NNPCL) as part of the naira-for-crude agreement, according to officials from both the refinery and the Federal Government on Tuesday. The … Read more

FG commences sales of crude oil in Naira to Dangote, others

by
GistReel Entertainment

FG commences sales of crude oil in Naira to Dangote, others …C0NTINUE READING HERE >>> The Nigerian government has officially begun selling crude oil and refined petroleum products in naira to Dangote Refinery and other local refining companies. This initiative is part of President Tinubu‘s administration’s strategy to promote long-term economic growth and self-sufficiency. This … Read more