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Crude oil
Crude Oil
Nigeria’s Oil Sector Gets 30,000BPD Boost
In a landmark development for Nigeria’s oil and gas sector, Oriental Energy Resources Limited has launched a $315 million Floating Production, Storage, an…
Crude Oil
Oil Holds Weekly Gain After US Signals Tighter Russia Sanctions
Oil steadied after a weekly advance as the US signaled tighter sanctions on Russian crude and Chinese authorities vowed to shore up the nation’s economy.B…
Crude Oil
India’s Crude Oil Imports From Russia Drop 55% in November, Lowest Since June 2022
India's import of Russian crude dropped to its lowest level since June 2022 in November this year, reported the news agency PTI on Sunday, December 15, citi…
Crude Oil
Nigeria’s Crude Oil Output to Increase as Shettima Inaugurates $315M FPSO in Dubai
Nigeria’s crude oil production will rise by 30,000 barrels per day (bpd) as Vice President Kashim Shettima inaugurated Oriental Energy Resources Limited&r…
Crude Oil
Venezuelan Oil Output Recedes as Washington Threatens New Sanctions
The Biden administration weighs withdrawing Chevron’s license while lobbyists urge Trump to leverage sanctions to US advantage.Venezuela’s crude pro…
Crude Oil
US Sanctions Disrupt Iranian Crude Flows to China, Vortexa Says
Iranian crude exports to China have been disrupted by broader US sanctions on tankers, according to Vortexa Ltd., squeezing oil flows to the OPEC producer&rsquo…
Crude Oil
Argentina to Eclipse Colombia as Oil Production Growth Continues
Crude oil production in the Vaca Muerta shale formation in Argentina is about to hit 1 million barrels per day this decade. The forecast came recently from Ryst…
Crude Oil
Nigeria Retains Top Spot as Africa’s Biggest Oil Producer
The Organisation of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria retained its position as the largest oil producer in Africa.OPEC, in its…
Crude Oil
Crude Oil Futures Edge Up After IEA Report on Demand Outlook
Crude oil futures traded slightly higher on Friday morning after the latest report from IEA (International Energy Agency) indicated an increase in global oil su…
Crude Oil
Oil Production Hits 1.7mbpd – FG
The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in Nov…
Crude Oil
OPEC Says Russia Made Small Cut to Oil Output in November
Russia's crude oil output in November edged down by 7,000 barrels per day (bpd) to about 8.99 million bpd, the Organization of the Petroleum Exporting Count…
Crude Oil
OPEC Daily Crude Output up 0.5% in Nov.
Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) increased by 0.5%, or by 104,000 barrels per day (bpd), in November to averag…
Crude Oil
Indonesia’s Pertamina Has Signed Oil Block Contract -Regulator
Indonesian state energy firm PT Pertamina has signed a production sharing contract with the government for the country's second-largest crude producing fiel…
Oil&Gas Drilling
Bauchi Restates Support for Oil Exploration
The Bauchi State Government has reaffirmed its commitment to supporting the actualisation of crude oil exploration at the Kolmani Oil Field, pledging to provide…
Crude Oil
Argentina Hydrocarbon Production Nears Record Highs
Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from Vaca Muerta shale formation, which is offsetti…
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