6 h. ago Nigerian crude falls below FG’s $65 benchmark as OPEC boosts output

From Adanna Nnamani, Abuja Nigerian crude prices have slumped below the federal government’s benchmark of $65 per barrel. This comes as the Organisation of Petroleum Exporting Countries (OPEC) continues to raise production despite growing geopolitical uncertainties. Cargoes loaded with Nigerian crude recently remain unsold, highlighting a lack of interest from buyers and sellers in the […] The post Nigerian crude falls below FG’s $65 benchmark as OPEC boosts output appeared first on The Sun Nigeria.

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5 d. ago NUPRC Seek Fair Pricing From Oil Producers To Meet Domestic Supply Obligations

Commission chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has called on crude oil producers in Nigeria to ensure fair pricing practices to fulfil domestic crude oil supply obligations. Komolafe made the appeal during a courtesy visit by the managing director of TotalEnergies, Mattieu Bouyer, to the Commission’s headquarters, in Abuja. […]

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1 week ago Asian, Mediterranean Refiners Major Beneficiaries Of Nigerian Crude Shipments In April

Asian and Mediterranean nations emerged as the leading destinations for Nigerian crude oil exported by International Oil Companies (IOCs) as well as the Nigerian National Petroleum Company Limited (NNPCL) in April. This is as local refiners voiced frustration over their continued exclusion from the country’s oil trade and criticised regulators for a lack of transparency. […]

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3 w. ago ‘APC Gov’t Don’t Believe In Human Beings, Only Crude Oil, Next Elections’, Ex

Isaac Fayose, the younger brother of former Ekiti State governor, Ayodele Fayose, has accused the All Progressives Congress (APC)-led Federal Government of prioritising crude oil and political power over the lives and safety of Nigerian citizens. In a video shared on Facebook on Wednesday evening, Fayose condemned the government’s handling of persistent insecurity in the […]

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3 w. ago NNPC crude suspension to Dangote refinery affected OPEC output – Report

The decision of the Nigerian National Petroleum Company Limited to suspend crude supply to the Dangote and other refineries affected the output of the Organisation of the Petroleum Exporting Countries in March. A Reuters survey found that OPEC oil output fell in March as Nigeria curbed deliveries to domestic refineries. In March, supply from Nigeria, Read More

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4 w. ago Navy confiscates vessels carrying illicit arms, crude oil in Niger Delta

By Philip Nwosu In a sweeping crackdown on crude oil theft and illegal refining activities, the Nigerian Navy says it seized large quantities of stolen crude oil, intercepted arms shipments, and destroyed several illegal refining sites across the Niger Delta during its operations in March. The Navy’s latest offensive, conducted under Operation Delta Sanity II, […] The post Navy confiscates vessels carrying illicit arms, crude oil in Niger Delta appeared first on The Sun Nigeria.

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4 w. ago Navy seizes vessels with illegal arms, crude oil in Niger Delta

By Philip Nwosu The Nigerian Navy has cracked down on crude oil theft and illegal refining in the Niger Delta, seizing stolen crude, intercepting arms, and dismantling refinery sites in March under Operation Delta Sanity II. The month-long effort also nabbed vessels with illegal weapons and thousands of litres of illicit petroleum products. Navy spokesman […] The post Navy seizes vessels with illegal arms, crude oil in Niger Delta appeared first on The Sun Nigeria.

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