crude oil

The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria lost about N16.25trn to crude oil theft and sabotage of crude assets between 2009 and 2020. NEITI said the amount lost was as a result of the loss of over…

An intercepted vessel carrying barrels of stolen crude oil was set ablaze by security personnel of the Joint Task Force, Operation Delta Safe, working with Tantita Security Services Nigeria Limited in the Escravos region of Delta State.…

House of Representatives’ will on April 11, 2023, grill ministers and other heads of ministries, departments and agencies of the Federal Government as well as oil companies and banks over the alleged illegal sale of 48 million barrels…

Officers of the Nigerian Navy in Delta State on Monday pulled down an illegal oil bunkering vessel arrested with stolen crude oil aboard Niger Delta creeks. It was gathered that operatives of the newly-contracted private oil pipeline…

Petroleum Products Pricing Regulatory Agency (PPPRA) has announced the reduction of retail pump price of petrol from N125 to the band of N121.50 to N123.50 per litre. The PPPRA, which is an agency under the Federal Government,…

The international oil benchmark, Brent crude, halted its losing streak on March 19, trading around $28 per barrel as the United States President, Donald Trump, said he might intervene in the price war between Saudi Arabia and Russia.…

Oil hit its highest level on Wednesday, driven by a falling dollar and evidence of declining U.S. supply, putting the price on course for its strongest monthly performance since last April. Brent crude futures were up $1.03 at $46.77 a…