The Federal Government and Nigeria’s crude oil producers have agreed to secure a sustainable supply of crude oil to local refineries under a market-determined pricing […]
Tag: Crude Oil
Military Seizes Millions of Litres of Stolen Oil, Kills 2,245 Terrorists in Major Operations
The Defence Headquarters has announced a significant crackdown on criminal activities by troops of Operation Delta Safe (OPDS) in June, seizing over 9 million litres […]
Nigeria’s Crude Oil Production Declines for Third Consecutive Month
Nigeria’s crude oil and condensate production experienced a downward trend for three consecutive months, falling to 1,438,129 barrels per day (b/d) in March 2024, as […]
Oil Prices Slide as US Crude Stockpiles Surge!
Oil prices fell on Wednesday as new data from the United States government revealed a larger-than-expected increase in crude oil and fuel inventories. The report […]
Operation Delta Safe Recovers N20 Billion Worth of Stolen Crude Oil in Niger Delta
The Defence Headquarters announced that troops of Operation Delta Safe (OPDS) recovered 21,573,310 litres of stolen crude oil valued at over N20 billion in the […]
Government Adopts Virtual Crude Oil Evacuation to Combat Theft and Losses
The Federal Government has embraced a virtual method of evacuating crude oil, employing barges and trucks for transportation from production sites to injection/storage points before […]
Nigerian Navy destroys 182,000 Litres of Crude Oil in Illegal Refinery Raid
Operatives from the Nigerian Navy Forward Operating Base (FOB) in Igbokoda, Ondo State, have successfully demolished an illegal refinery in the Biokpu/Opouama riverine communities within […]
Oil Production Plummets: Nigeria Struggles to Meet Quotas Amidst Executive Orders for Industry Overhaul
Nigeria’s crude oil production experienced a 7.94% decline month-on-month, dropping to 1.322 million barrels per day (bpd) in February 2024 from 1.427 million bpd in […]