Tag: crude oil
Africa cannot keep exporting raw materials
...Africa produces wealth but rarely keeps it. That failure is not an accident of history alone; it is also the consequence of weak leadership,...
Middle East tensions push oil above $100, raising stakes for Nigeria’s...
MON MAR 09 2026-theGBJournal| Escalating geopolitical tensions in the Middle East drove global crude oil prices above the $100 per barrel mark on Monday,...
NNPC reports 36-year oil production record at 355,000bpd, driven by disciplined...
WED DEC 10 2025-theGBJournal| NNPC Limited upstream subsidiary, NNPC Exploration and Production Limited (NNPC E&P Limited), on Tuesday reported its daily crude oil production...
Nigeria’s crude oil production falls 1.5% m/m in May 2025
SAT JUNE 14 2025-theGBJournal| Nigeria's crude oil production (including condensates) declined by 1.5% m/m to 1.66 mb/d in May (April: 1.68 mb/d), marking a...
Collapse of Nigeria’s forward crude oil sale debunked
WED JUNE 11 2025-theGBJournal| The Federal Government said today that no final decision has been announced by the Government on forward sale of crude...
Nigeria’s Crude production edges 5.0% m/m higher in April
SAT MAY 17 2025-theGBJournal| Nigeria's crude oil production (including condensates) rose by 5.0% m/m to 1.68 mb/d in April (March: 1.60 mb/d), after two...
Declines seen across all producing terminals as Nigeria’s crude oil production...
SUN MARCH 16 2025-theGBJournal| Nigeria’s crude oil production (including condensates) declined by 3.8% m/m to 1.67 mb/d in February (January: 1.74 mb/d), according to...
Quick Take| Downside risks remain despite rise in Nigeria’s crude oil...
SAT DEC 14 2024-theGBJournal| Nigeria's crude oil production (including condensates) increased after two consecutive months of decline, rising by 9.9% m/m to 1.69 mb/d...
OPEC cuts 2024/2025 global oil demand forecast, Nigeria’s September production drops
...The forecast for world oil demand growth in 2025 is also revised down by 102 tb/d to 1.6 mb/d, y-o-y.
...Nigeria's crude oil production dropped...
Oil Brief| ExxonMobil, Seplat $1.28 billion divestment deal awaits ministerial approval,...
...NNPC 19 months crude supply falls short Dangote's 650,000 barrels per day capacity
MON OCT 07 2024-theGBJournal| The Nigerian National Petroleum Company Limited (NNPCL) has...
