crude oil

July 10, (THEWILL) - Security operatives have intercepted an oil-theft syndicate, operating in the Niger Delta. Although details about the development are sketchy, Arise Television reported on Monday that the Syndicates were intercepted in the Oporoza area of Delta State. Earlier...

July 05, (THEWILL) - The Senate Wednesday rejected a motion seeking to investigate the moribund conditions of the nation’s refineries despite spending several trillions of naira on their maintenance. This is coming barely two months after former president Muhammadu...

July 05, (THEWILL) - Nigeria earns the least in terms of per capita among the Organization of Petroleum Exporting Countries (OPEC) group, recording $51 income for each of her citizens in the first five months of 2023, according to...

Nigeria owes up to $3 billion to supermajors and trading giants for the fuel-for-crude swaps via which Africa’s biggest oil producer has been importing fuel to meet domestic demand, Oilprice.com reports, quoting Reuters on Friday which cited executives and...

June 04, (THEWILL) - Nigeria alongside other OPEC and Non-OPEC members at the just concluded 35th Joint Ministerial Monitoring Committee (JMMC) meeting in Vienna, Austria, have agreed to a cut production volumes in order to ensure global oil...

May 26, (THEWILL) - Former Niger Delta militant commander and Ibe Ebidouwei of Ijaw Nation, High Chief Government Oweizide Ekpemupolo, also known as Tompolo, has lauded President Muhammadu Buhari over his commendable battle against crude oil theft and illegal...

Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 59 cents, or 0.8%, to $76.45 a barrel...

May 18, (THEWILL) - Rising demand in China and the United States sent global oil demand surging by 3 million barrels per day (bpd) in March compared to February and hitting the highest level on record, data from the...

May 17, (THEWILL) – The Nigerian Navy Ship, NNS DELTA, has impounded a sewage disposal truck and a barge, MV Amangwu at Okpaka Community in Udu Local Government Area of Delta State. The Commander of NNS DELTA, Chindo Yahaya,...

May 16, (THEWILL) - Oil pollution in Bayelsa State was in the international focus on Tuesday, as the report of the state’s Oil and Environmental Commission (BSOEC), was launched at the House of Lords in London. The 211-page report...