Iran discovers new oil field with 50 billion barrels of crude
Iran, one of the largest oil-producing nation in the world has announced Sunday it has discovered a new oil field in its Khuzestan province. The announcement was made by the country’s President, Hassan Rouhani as he revealed the new oil field is capable of producing more than 50 billion barrels of crude oil. According to […]
Investors make millions weekly from trading crude oil online
Crude oil is one of the best commodities to trade. It is a very active market and it is well known with investors around the world. There is usually no shortage of news to cause the price of oil to move from day to day.
Oil races toward $85 as Iran sanctions loom
Singapore—Brent crude oil prices hit their highest level since November 2014, yesterday, ahead of US sanctions against Iran that kick in next month.
Nigeria exports N7.3trn crude oil in six months
Nigeria’s crude oil export appreciated by 17.38 per cent to N7.308 trillion in the first six months of 2018 from N6.226 trillion recorded in the last six months of 2017, according to data obtained from the National Bureau of Statistics (NBS).
BP, Vitol clash over Nigerian crude oil
Oil major BP has clashed with rival Vitol in the Nigerian crude market, buying up cargoes and taking a big derivative position that may have raised costs for European refiners, according to Reuter
Nigeria loses N2.6trn to crude oil theft in 2 years – NNRC
Nigeria lost N1.6 trillion in 2016 and N995 billion in 2017 to crude oil theft, translating to a loss of about $8.9 million daily and a combined loss of N2.6 trillion over the two-year period, according to a draft report presented yesterday, by the Nigeria Natural Resource Charter, NNRC.
