Crude Oil

The Energy Information Administration (IEA) has reported that US crude and fuel inventories all fell last week, while crude imports from Nigeria hit their highest level in nearly six years. …

Over 400,000 litres of stolen crude oil were recovered by the Nigerian Navy’s Operation Delta Sanity II across the Niger Delta in March 2025. Also, more than 30 illegal refinery …

The federal government has confirmed that the Naira-for-crude-oil swap deal remains in place, countering recent reports of its termination at the end of this month. The clarification followed reports that …

The Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States. The refinery resorted to crude importation as local supply challenges hindered the …

Hassan Gimba The North and its leaders seem happiest and satisfied when led by the nose. As in every election cycle, vote seekers would come and put a black liquid …

The Nigeria National Petroleum Company Limited (NNPCL) has confirmed that the Port Harcourt Refinery in Rivers State has commenced crude oil processing. NNPCL spokesperson, Olufemi Soneye, confirmed on Tuesday that …

The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s average daily crude oil production rose marginally to 1.33 million barrels per day (bpd) in October 2024. OPEC disclosed …

The US military reported that the Houthi rebels in Yemen, who are supported by Iran, targeted two crude oil tankers in the Red Sea on Monday: the Amjad, which is …

Domestic refineries in the country, majorly the 650,000 barrels per day capacity Dangote Refinery, have raised their crude oil requirements from Nigeria’s oil producing companies to 597,000 for the second …