Posts tagged as: Crude Oil

Tinubu Shakes Up Oil Sector, Orders Central Bank to Take Over Crude Sales From NNPC

LAGOS JANUARY 29TH (NEWSRANGERS)-President Bola Tinubu has announced a shake-up in the oil sector to ensure transparency amid concerns about declining oil revenue and opaque practices within the NNPC. The President has directed the Central Bank of Nigeria (CBN) to take over responsibility for crude oil sales from the Nigerian National Petroleum Company Limited (NNPCL). […]

Jan 29 2024 | Posted in Business,National | Read More »

Nigeria Still  Struggling To Find Buyers For Crude Oil In International Market

LAGOS APRIL 4TH (NEWSRANGERS)-Nigeria is still struggling to find buyers for its oil as strikes at French refineries and seasonal maintenance at plants elsewhere in Europe curb demand. Little Nigerian crude traded last week, with more than 20 shipments for April loading still hunting for buyers, according to traders specialising in the West African market. […]

Apr 4 2023 | Posted in Business,National | Read More »

Scores Feared Dead As Crude Oil Explosion Rocks In Rivers Suburb

LAGOS FEBRUARY 3RD (NEWSRANGERS)-Several people are feared dead following an explosion from a crude oil tapping point in Rumuekpe commumity in Emuoha Local Government Area of Rivers State. It was gathered that the explosion occurred when one of the buses loaded with crude oil ‘packaged in bags’ to transport to a refining site had started […]

Mar 3 2023 | Posted in National | Read More »

Buhari Directs Urgent Review Of 2020 Budget As Crude Oil Price Crashes

LAGOS MARCH 10TH (NEWSRANGERS)-President Muhammadu Buhari Monday responded to the drastic crash of crude oil in the international markets by constituting a presidential committee to review the 2020 budget and the oil benchmark and recommend realistic options that will make the document significantly implementable. The Nigerian blend, Bonny Light closed at $46.33 Monday from about […]

Mar 10 2020 | Posted in Business,National | Read More »

Nigeria Refineries Redundant For Three Months Without Process Drop Of Crude oil

LAGOS DECEMBER 30TH (NEWSRANGERS)-Refineries under the management of the Nigerian National Petroleum Corporation stayed dormant for three consecutive months as they processed no drop of crude oil, latest report on the operations of the facilities has shown. An analysis of the consolidated operations of the refineries showed that the plants were dormant in July, August […]

Dec 30 2019 | Posted in National | Read More »

Shell Decries Crude Theft, Vandalism In N’Delta Loses 10,000 Barrels Of Oil Daily

LAGOS SEPTEMBER 10TH (NEWSRANGERS)-With a daily loss of about 10,000 barrels of oil from its pipelines to crude oil theft, The Shell Petroleum Development Company of Nigeria Limited (SPDC) has cried out for help from government, communities and other stakeholders to stem the incessant attack on oil assets in the Niger Delta. “These are critical […]

Sep 9 2019 | Posted in National | Read More »

Crude Oil Price Hits $70

LAGOS MARCH 17TH (NEWSRANGERS)-Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose. Investors covered short bets ahead of a weekend in which the U.S. news programme “60 Minutes” will air an interview with Saudi Arabia’s crown prince. Brent futures rose to more […]

Mar 17 2018 | Posted in National,State | Read More »

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