Crude Oil Prices Surge Over 15% Amid Israel-Iran Conflict Escalation
Global crude oil prices have surged sharply, rising over 15% since early June, as escalating conflict between Israel and Iran, ...
Tag: Crude Oil
Again, Crude Oil Spillage Recorded In Rivers Community
Less than two weeks after crude oil spillage was recorded at Oshika Community in Ahoada West local government area of ...
IMF Forecasts Oil Prices Decline To $66/b By Year-end
In a fresh assessment of the global oil and gas situation, the International Monetary Fund (IMF) has foreseen oil prices ...
Crude-for-Naira Initiative Remains In Place, Says Federal Gov’t
The federal government has said the implementation of its policy on crude oil and refined product sales in Naira initiative ...
2025 Budget Faces Setback As Oil Price Drops By $10
Nigeria’s 2025 budget is facing fresh funding challenges due to the recent drop in global crude oil prices. The budget ...
Nigeria To Unveil New Crude Grade In Global Oil Market
The federal government is set to introduce a new crude grade, medium sweet Obodo, which is projected to hit the ...
No Plan To End Naira-for-Crude-Oil Policy, Says Federal Gov’t
The federal government has confirmed that the Naira-for-crude-oil swap deal remains in place, countering recent reports of its termination at ...
Crude Price Instability Threatens Nigeria’s N36.35trn Revenue Projection
Nigeria's economy faces significant challenges as crude oil prices remain volatile, jeopardising the federal government's ambitious revenue target of N36.35 ...
OPEC: Nigeria’s Crude Output Surpasses 1.5mbpd, First Time In 4 Years
Nigeria's crude oil production has surpassed 1.5 million barrels per day (mbpd) for the first time in four years, surpassing ...
Oil Spills: AKIPCON Seeks Resettlement, Compensation For Fishermen, Farmers
Oil Producing Community Development Network (AKIPCON), an environmental justice advocacy organisation, has made a case for proper compensation and resettlement ...