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Tag: oil production

Oil Prices Hit 2-month High At $53

Oil prices hit a two-month high on Monday following the tightening of US crude market and…

We’ll Stop Oil Production If Cost Remains High – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the country will…

OPEC May Ask Nigeria, Libya To Cut Crude Oil Output

The Kuwait Oil Minister and chairman of the committee monitoring the compliance of OPEC and…

Nigeria Loses N131.8bn As Crude Oil Production Drops

An analysis of various reports from the Nigerian National Petroleum Corporation has shown that the…

Nigeria Returns To Being Africa’s Top Oil Producer

In its Monthly Oil Market Report for June 2017, OPEC put crude oil production from…

Oil price’ll hit $51 per barrel

Based on stable demand and low volatilities, a report by the global oil research firm…

Nigeria Loses N417 Billion To Oil Production Disruption In One Month

With the current Brent crude oil price put at $50 per barrel, the country lost…

Oil Export In Nigeria Rises As Shell Lifts Forcados Force Majeure

Shell Petroleum Development Company of Nigeria Limited has lifted the force majeure on exports of…

Nigeria’s Oil Production Declines In Q1 2017

According to data obtained from the Organisation of Petroleum Exporting Countries, OPEC, Nigeria’s oil production…

Nigeria’s Oil Output Will Remain Low Due To Restiveness –EIA

The United States Energy Information Administration (EIA) has warned that Nigeria’s oil production would remain…