Latest News & Politics

Nigerian crude waits for buyers

July 6, 2017 Meekail 0

Nigerian crude for August loading is proving slow to find buyers amid rising supply, Reuters quoting oil trading sources has reported. Reuters said the supply glut is a sign that an expected second-half rebalancing of […]

Latest News & Politics

Reps summon NNPC boss, others over crude lifting

March 28, 2017 olamilekan 4

According to reports, the House of Representatives Ad-hoc Committee on Review of Pump Price of Petroleum Products, yesterday, summoned Group Managing Director of Nigerian National Petroleum Corporations, NNPC, Dr. Maikanti Baru; Chief of Naval Staff, […]

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Kaduna refinery to get crude from Niger

November 26, 2016 AdeLove 3

The Group Managing Director, (GMD)Nigerian National Petroleum Cooperation, (NNPC), on Friday said the Federal Government will build 1,000 kilometres of pipeline from Agadam Niger Republic, to supply crude oil to Kaduna refinery. The GMD made […]

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Crude oil price gears towards $60 per barrel

October 21, 2016 AdeLove 4

OPEC’s proposed deal to cut production has “put a floor” under the oil price at around $50 a barrel, Reuters reports. International benchmark Brent crude dropped to a little above $52 from nearly two per […]

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Militants attack crude oil delivery line in Delta

October 15, 2016 AdeLove 1

According to reports, the Niger Delta Greenland Justice Mandate, NDGJM, yesterday said it has attacked a crude oil delivery line that supplies product to the Ughelli Quality Control Center. The group also launched its “Operation […]