The United States of America oil exports to Nigeria and other African nations dropped for the fifth month to 3.3 million barrels per day, bpd in July 2025. The Organisation of Petroleum Exporting Countries, OPEC, disclosed this in its Monthly Oil Market Report, MOMR. The report stated: “US crude exports declined for the fifth month…
The Nigerian Navy says its Special Forces deactivated no fewer than 70 illegal refinery sites and confiscated over 400,000 litres of stolen crude oil across the Niger Delta in July 2025 alone. This is contained in a monthly operational update issued on Friday by Commodore Ayiwuyor Adams-Aliu, the Director of Naval Information, in Abuja. According…
The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined petroleum products. On Sunday, the price of Brent reached $79.76 per barrel. The rise in the cost of…
The Nigeria Police Force announced on Friday that its operatives have arrested four suspected oil thieves and recovered 40,000 litres of petroleum products. The suspects were apprehended by the operatives of the Inspector General of Police Special Task Force on Petroleum and Illegal Bunkering. The Force Spokesperson, Muyiwa Adejobi, stated that the arrest aligns with…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday said crude oil production increased from 1.4mb/d in May 2024 to 1.5mb/d in June 2024. This was contained in its June 2024 Oil Production Status Report that the commission released on its website. The report is a reflection of an unstable oil production as the figures…