Local Content ”ll cut Nigeria’s crude production cost – Sylva
The Federal Government will deepen the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act because it is an effective strategy for lowering Nigeria's high crude oil production cost, the Minister of State for Petroleum Resources, Chief Timpre Sylva has said.
Breaking: USA becomes world’s biggest crude oil producer
The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat.
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
