NNPC GMD says Nigerian shipping companies lack capacity to lift crude oil 

Group Managing Director of the Nigerian National Petroleum Corpoation (NNPC), Dr. Maikanta Baru has said that…

Crude oil dips over demand concerns

Crude oil on Wednesday fell towards $75 a barrel to its lowest since late August, pressured…

Citing NIMASA documents, Falana says $12.7bn crude oil stolen in 4 years

Lawyer and human rights activist Femi Falana SAN has called on oil workers union to prevail…

2018 a bad year for crude oil tankers – BIMCO 

A historically bad crude oil tanker market is struggling to find solid support, BIMCO said in…

Crude oil falls as Saudi, Russian hike output

Crude oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic…

Navy impounds crude oil vessel in Delta

The Nigerian Navy Ship (NNS), Delta has impounded a vessel containing over 386,000 litres of crude…

Is the recovery of crude oil price a good omen for Nigeria?

The rising crude oil price should have a favourable impact on the Nigerian economy. Granted that…

Oil thieves abandon vessel with crude oil at Onne

The Executive Officer, Nigerian Navy Ship, NNS Pathfinder, Capt. Victor Choji has said that a vessel…

Oil thieves abandon vessel with crude oil at Onne

The Executive Officer, Nigerian Navy Ship Pathfinder, Capt. Victor Choji has said that a vessel with…

Crude oil tops $75 on supply cuts, strong demand

Crude oil rose above $75 a barrel on Tuesday to its highest since November 2014 before…

Libyan port strike spikes crude oil price

  Crude oil prices rose on Tuesday after Libya said loadings of crude at a key…

Reps probe $21bn crude oil loss 

By Omotilewa Quadri  An ad-hoc committee of the House of Representatives on Wednesday began a probe into the…