Crude Oil Archives — Page 4 of 4

April 29, 2021 No Responses

Crude Oil Extends Gains

Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan and Brazil.Brent crude for June edged up 8 cents, or 0.1%, to...

March 18, 2021 No Responses

Crude Oil Price Falls For Fifth Straight Day

Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook.Brent crude was down 12 cents, or 0.2%, at $67.88 a barrel...

December 23, 2020 No Responses

Seplat, Waltersmith Seals Crude Purchase Agreement

Seplat Petroleum Development Company Plc, listed on both the Nigerian Stock Exchange and the London Stock Exchange, has signed a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited. According to Seplat, the CPA is for the supply of between...

September 30, 2020 No Responses

Oil Drops Further As Coronavirus Cases Prompt Demand Worries

Oil prices fell for a second day on Wednesday morning, extending big losses from the previous session amid rising concerns about fuel demand as the coronavirus pandemic worsens.Brent crude dropped 23 cents, or 0.6 per cent, to $41.03 per barrel ...

August 24, 2020 No Responses

Nigeria Earns $378.42m From Crude Oil, Gas Export

The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export earnings of $378.42 million in June, as against $133.16 million it posted in May 2020. The corporation disclosed this in its June Monthly Financial and...

July 18, 2020 No Responses

Crude Shipments Resume From Pemex Floating Storage Unit

An oil production and storage vessel, operated by Mexican state oil firm Pemex in the Gulf of Mexico, has resumed crude shipments. This is after a tanker collision halted exports earlier this month, according to a person with knowledge of...

February 13, 2020 No Responses

Nigeria Discovers Crude Oil In Northeast

The Minister of State for Petroleum Resources, Chief Timipre Slyva, said that about one billion Barrels of Crude oil have been discovered in Northeastern part of Nigeria. Sylva made the disclosure at a news Conference to end the 2020 Nigeria...

December 2, 2019 No Responses

Dangote Refinery Takes Delivery Of Crude Refining Equipment

The Dangote Oil Refinery Company on Sunday took delivery of what it described as the world’s largest crude distillation equipment. Capt. Rajen Sachar, Head, Maritime and Ports Infrastructure of Dangote, told newsmen at the arrival of the equipment in Lagos.....

September 5, 2019 No Responses

Crude Oil Theft: NNPC, Navy To Deepen Collaboration

The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Navy have pledged to deepen collaboration to tackle the menace of crude oil theft and attacks on oil and gas facilities. The two organisations came to the resolution when the NNPC...

August 30, 2019 No Responses

Obaseki Seeks Concerted Action Against Crude Oil Theft

The Governor of Edo State, Mr. Godwin Obaseki, who is the Chairman of the Ad-hoc Committee of the National Economic Council on Crude Oil Theft, Prevention and Control, has called on stakeholders to join forces and work towards eradicating the...

August 27, 2019 No Responses

Kenya Exports First Crude Oil

Kenya has exported its first batch of crude oil. President Uhuru Kenyatta flagged off the crude shipment from the port of Mombasa on Monday. According to BBC, the development is being described as historic and an important step on the...

May 3, 2019 No Responses

132 Companies Bid For NNPC’s Crude Sales Contract

The Nigerian National Petroleum Corporation (NNPC) on Thursday opened 2019 Direct Sale of Crude Oil and Direct Purchase (DSDP) to its local and international business partners, and potential off-takers and suppliers with 132 organisations indicating interest. ...