Tag: crude oil

Crude Oil Price Hits $97 Per Barrel

According to a recent assessment conducted on Thursday, September 28 at 5:00 AM (GMT+1), the price of Brent crude oil has surged to $97.24 per barrel, marking its highest point…

NNPC Records 148 Cases Of Crude Oil Theft in 60 Days

The Nigerian National Petroleum Company Limited (NNPCL) has recorded no less than 148 occurrences of crude oil theft between September 2 and 8, 2023. According to the NNPCL, the thefts…

Army Seizes over 3 Million litres of Stolen Crude Oil in Rivers

The Nigerian Army has seized over three million litres of stolen crude oil from an illegal refinery in Rivers State. The seizure was done by men under the leadership of…

Army Uncovers 3 Million Litres of Stolen Crude Oil Stored in Reservoirs in Rivers Forest

The Nigeria Army has uncovered 14 illegal crude oil reservoirs and 49 boilers in a dense forest in Odagwa Etche, Rivers State. The reservoirs contained about 3 million litres of…

Nigerian Air Force Destroy Illegal Oil Mining Sites in Imo

The Nigerian Air Force, NAF have intercepted and destroyed two illegal refining sites situated in Imo State. According to the NAF's Director, for Public Relations and Information, Edward Gabkwet, in…

Fuel Price May Drop Further As Crude Oil Prices Slide

The price of Premium Motor Spirit (petrol) may drop further due to the decline in crude oil prices. Oil prices fell about two per cent to a 12-week low, with…