Damage to a pipeline has reduced supplies of Nigeria’s benchmark Qua Iboe crude oil, two traders said on Thursday, the latest setback for Africa’s top producer that has pushed output Continue Reading
Nigerian military high command Wednesday ruled out engaging militants sabotaging oil production facilities in the Niger Delta, saying it would rather deploy “every available resources to deal decisively” with the Continue Reading
In defiance of President Muhammadu Buhari’s order for security forces to curtail militants’ violence in the South South geo political zone of the country, the Niger Delta Liberation Force (NDLF), Continue Reading
Barely 24 hours after reports indicated the possibility of partial deregulation of the downstream petroleum sector, and days the country had a breather from scarcity, long queues have resurfaced at Continue Reading
Royal Dutch Shell RDS.A -0.20 % PLC on Wednesday said its exports of Nigerian crude oil had been significantly disrupted, adding to a slew of stoppages that have knocked out Continue Reading
The Resilience of Oil Nation’s crude output reduced by about 400,000 barrels a day At least a fifth of Nigerian oil production, equivalent to almost 400,000 barrels a day, has Continue Reading
Nigeria raised the price cap for gasoline 67 percent as President Muhammadu Buhari’s administration moved to tackle months of fuel shortages in the OPEC-member country. Gasoline will now sell for Continue Reading
Nigerian President Muhammadu Buhari demanded on Wednesday that Britain return assets held there by corrupt Nigerians, pointing the finger back at London after Britain’s prime minister suggested Nigeria was “fantastically Continue Reading
A Panama-registered oil tanker that disappeared from radar three weeks ago en route to Senegal has now reportedly washed up in Liberia without its crew, sparking fears of a pirate Continue Reading
Nigerian Pipeline Attacked The oil markets have suddenly been hit with a multitude of unexpected supply disruptions, the largest of which comes from the more than 1 million barrels per Continue Reading
