CRUDE OIL Archives - The Glitters Online https://theglittersonline.com.ng/tag/crude-oil/ A voice for the people Fri, 19 Jun 2026 05:37:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.5 119911796 Crude Oil Slumps To Lowest Price Since U.S.-Iran Conflict https://theglittersonline.com.ng/crude-oil-slumps/ Fri, 19 Jun 2026 05:37:29 +0000 https://theglittersonline.com.ng/?p=362345 Crude Oil Slumps To Lowest Price Since U.S.-Iran Conflict   Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an interim agreement between the United States and Iran improved prospects for global crude supply According to Reuters, Brent crude futures declined by $1.53, or 1.9 per cent, to $78.02 per barrel as of 1326 GMT, while U.S. West […]

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]]> 362345 ‎Rationing Crude Oil For Local Refineries Ridiculous- MURIC https://theglittersonline.com.ng/rationing-crude-oil/ Tue, 24 Mar 2026 11:45:11 +0000 https://theglittersonline.com.ng/?p=354905 ‎Rationing Crude Oil For Local Refineries Ridiculous- MURIC   ‎A rights group, the Muslim Rights Concern (MURIC), has described the rationing of crude oil to local refineries as ridiculous. The group insists that local refineries should be supplied enough crude oil in order to facilitate reduction in the price of fuel. ‎‎MURIC’s description came in […]

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]]> 354905 Nigeria Earns N55.5tn From Crude Oil Sales In 2025 https://theglittersonline.com.ng/crude-oil-22/ Thu, 29 Jan 2026 05:37:38 +0000 https://theglittersonline.com.ng/?p=350358 Nigeria Earns N55.5tn From Crude Oil Sales In 2025   Nigeria earned an average of N55.5tn from crude oil sales in 2025, an analysis of official production figures released by the Nigerian Upstream Petroleum Regulatory Commission and crude price data published by the Central Bank of Nigeria has shown. The 2025 figure is higher when […]

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]]> 350358 Nigeria’s Crude Oil Purchases From U.S. Rise To 42m Barrels https://theglittersonline.com.ng/nigerias-crude-oil/ Sun, 18 Jan 2026 05:29:11 +0000 https://theglittersonline.com.ng/?p=349502 Nigeria’s Crude Oil Purchases From U.S. Rise To 42m Barrels   Nigeria sharply increased its crude oil purchases from the United States in 2025, importing a total of 42.13 million barrels within the first 10 months of the year, according to data from the United States Energy Information Administration. The figure represents a year-on-year increase of […]

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]]> 349502 FG Earns ₦12.81tn From Crude Oil Exports In Q3 – NBS https://theglittersonline.com.ng/crude-oil-21/ Tue, 16 Dec 2025 14:39:53 +0000 https://theglittersonline.com.ng/?p=346851 FG Earns ₦12.81tn From Crude Oil Exports In Q3 – NBS   Nigeria generated about ₦12.81 trillion from crude oil exports in the third quarter of 2025, data from the National Bureau of Statistics has shown. According to the latest Foreign Trade in Goods Statistics, crude oil accounted for 56.14 per cent of the country’s […]

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]]> 346851 Nigeria Expands Oil Export Capacity With 365,000 bpd Otakikpo Terminal  https://theglittersonline.com.ng/oil-26/ Thu, 09 Oct 2025 05:42:44 +0000 https://theglittersonline.com.ng/?p=341236 Nigeria Expands Oil Export Capacity With 365,000 bpd Otakikpo Terminal   The Federal Government has declared that the commissioning of the $400 million Otakikpo Oil Export Terminal in Rivers State will ease crude evacuation challenges and boost Nigeria’s oil export capacity. Located in Ikuru Town, Andoni Local Government Area, the facility has a capacity of […]

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]]> 341236 NNPC, Dangote Refinery Sign Fresh Two-year Crude Oil Deal https://theglittersonline.com.ng/crude-oil-19/ Tue, 30 Sep 2025 05:06:16 +0000 https://theglittersonline.com.ng/?p=340501 NNPC, Dangote Refinery Sign Fresh Two-year Crude Oil Deal   The Nigerian National Petroleum Company Limited has signed another two-year crude supply agreement with the Dangote Petroleum Refinery. It was gathered that the deal signed last month would ensure the steady supply of crude to the 650,000-barrel-per-day refinery located in Lekki, Lagos. It was further […]

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]]> 340501 Crude Oil Production Rose To 1.8m bdp- FG  https://theglittersonline.com.ng/crude-oil-18/ Mon, 29 Sep 2025 12:40:15 +0000 https://theglittersonline.com.ng/?p=340459 Crude Oil Production Rose To 1.8m bdp- FG   Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said that Nigeria’s oil production rose to 1.8 million barrels per day, from 1 million, adding that the goal is to reach 2.5 million bdp, as American companies are already showing strong interest in investing in Nigerian oil […]

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]]> 340459 Nigeria’s Bonny Light Price Rises To $67 pb As Israel Hits Qatar https://theglittersonline.com.ng/crude-oil-17/ Wed, 10 Sep 2025 12:37:14 +0000 https://theglittersonline.com.ng/?p=338890 Nigeria’s Bonny Light Price Rises To $67 pb As Israel Hits Qatar The price of Nigeria’s Bonny Light rose to $67 per barrel from $65 per barrel in the global market following Israel’s surprise attack on Qatar over Hamas. Reports of the Israeli strike on Hamas targets in Qatar, a major oil and gas-producing nation […]

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]]> 338890 Fresh Concerns Over Budget 2025 As Oil Price Drops To $59 Per Barrel https://theglittersonline.com.ng/oil-24/ Tue, 06 May 2025 05:39:37 +0000 https://theglittersonline.com.ng/?p=328069 Fresh Concerns Over Budget 2025 As Oil Price Drops To $59 Per Barrel   There were increased concerns over the implementation of Nigeria’s 2025 budget, weekend, as oil price dropped further to $59 per barrel from more than $70 per barrel, the lowest this year. This is about 15.7 percent lower than this year’s peak […]

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