Emadeb Petroleum Exploration & Production Company Limited started commercial crude oil production from its Ibom Field…
Tag: Crude Oil
China’s Crude Imports Jump as Other Commodity Purchases Falter
Amid the highest Chinese refinery throughput so far this year, China’s crude oil imports jumped in…
Senate Uncovers Nigeria’s $300bn Oil Theft Scandal
Auditors appointed by the Nigerian Parliament have uncovered the vast scale of Nigeria’s oil theft scandal.…
Iraq Cancels Lukoil Cargoes as U.S. Sanctions Bite
Iraq’s state oil marketing company SOMO has cancelled three crude loadings from Russia’s Lukoil this month…
Oil Majors Double Down on Crude Demand Despite Global Glut
Major international oil companies are once again placing significant bets on the demand for crude oil.…
India Benefits as Russian Oil Floods Market
More crude oil from Russia has become available for Indian refiners as Ukrainian drone attacks have…
Court Rule Halts Strike Against Dangote Refinery
Dangote Refinery has gained relief after the National Industrial Court in Abuja ruled against a planned…
Nigeria Achieves Lowest Oil Losses in 16 Years
Nigeria’s crude oil losses have reached their lowest level in nearly 16 years, according to figures…
Saudi Arabia’s Crude Oil Grant Powers Syria’s Recovery
Saudi Arabia’s crude oil grant of 1.65 million barrels now supports Syria’s energy sector, strengthening ties…