Crude Oil
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Latest News
“NUPRC Is Winning the War on Oil Theft” – CEGA Applauds New Crude Oil Routes
In an effort to reduce oil theft, increase transparency, and boost Nigeria’s oil output, the Nigerian Upstream Petroleum Regulatory Commission…
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Oil Prices Fall 5% After Israel Accepts Ceasefire Proposal
Tuesday saw a more than five percent decline in oil prices following Israel’s announcement that it has accepted US President…
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CBN Pumps $41m into Forex Market as Naira Stays Strong, Oil Prices Climb Amid Mideast Tensions
The naira was stable at around ₦1,549 per dollar as of Thursday thanks to a $41 million injection from the…
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JUST IN: Nigeria Grapples with Economic Uncertainty as Oil Prices Fall Below $60
With Brent crude prices down to $59.25 per barrel, much below the 2025 budget benchmark of $75, Nigeria is confronted…
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Nigerian Navy Seizes Vessels With Illegal Arms and Crude Oil in Niger Delta
According to the Nigeria Navy, OPERATION DELTA SANITY II soldiers achieved significant progress in combating crude oil theft in March.…
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JUST IN: Explosion Hits Crude Oil Pipeline in Rivers State
The segment was severely impacted by an explosion that happened last night at the Trans-Niger Pipeline in Bodo, which is…
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NUPRC Moves Against Crude Oil Diversion, Halts Export of Domestic Quota
The Federal Government has prohibited the export of crude oil intended for domestic refineries in a clear attempt to increase…
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Fuel Prices Set to Decline Amid Falling Crude Oil Costs
Premium motor spirit prices in Nigeria may decline as a result of the decline in oil prices globally, according to…
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