New Telegraph

  1. Home
  2. Crude

Tag: Crude

Oil Rises On Expectations Of Further OPEC+ Supply Cuts

Oil Rises On Expectations Of Further OPEC+ Supply Cuts

Oil prices on Monday went up by $1, extending gains on the prospect of the Organisation of Petroleum Exporting Countries (OPEC+) and deepening supply cuts to stable prices that have fallen for four weeks on…

Brent Oil Hovers Above $80 After Downward Spiral On Thursday

Brent Oil Hovers Above $80 After Downward Spiral On Thursday

The Brent crude oil benchmark hovered above $80 a barrel on Thursday, with demand concerns and a waning war-risk premium having triggered a selloff over the past week. Brent crude futures were up $1, or…

Nigeria’s Oil Production Nose Dive

Nigeria’s Oil Production Nose Dive

Recent data from Statista showed that Nigeria’s crude oil production has been tracked over a span of 23 years. At its zenith, Nigeria recorded a peak crude oil production of 2.5 million barrels per day…

Nigeria’s crude supply quota may increase

Nigeria’s crude supply quota may increase

Indications emerged on Saturday that Nigeria will get a higher crude oil supply quota from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) as there are signals that the oil cartel will…

Nigeria loses to Angola as largest African crude producer in August

Nigeria loses to Angola as largest African crude producer in August

Nigeria lost as the largest crude producer in Africa to Angola in August, 2022. According to Bloomberg’s survey of monthly output of the Organisation of Petroleum Exporting Countries, published on Friday, Nigeria produced 1.13 million…

Crude oil refiners seek incentives, funds from NMDPRA, CBN

Crude oil refiners seek incentives, funds from NMDPRA, CBN

The Crude Oil Refiners Association of Nigeria (CORAN), the umbrella body of indigenous crude oil refiners in Nigeria, yesterday, appealed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Central Bank of…

Economic experts, minister disagree over effect of rising crude prices on Nigeria

Economic experts, minister disagree over effect of rising crude prices on Nigeria

Rising oil prices naturally should benefit the country in many ways, with foreign reserves increasing and the Federal Government being able to commence savings of the excess revenue above the 2022 budget benchmark, experts said…

$20bn crude unaccounted for in seven years –Reps

$20bn crude unaccounted for in seven years –Reps

DPR boss: How cartel steals Nigeria’s oil Panel: Chinese firm illegally got N5bn waiver The House of Representatives has said $20 billion worth of crude oil could not be accounted for between 2005 and 2012.…

Oil set for 20% drop in 2020 as lockdowns weigh

Oil set for 20% drop in 2020 as lockdowns weigh

Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralyzed much of the global economy, but prices have rebounded strongly from their lows as governments rolled…