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Nigeria Crude Oil News is an EIN News Service for energy industry professionals. Constantly updated news and information about Nigeria Energy.
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Latest Nigeria Crude Oil News

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  • Curse of oil: We're learning from Nigeria's mistakes - kuffour 7 Nov 2009 00:10 GMT
    ... that his country was learning fast from Nigeria’s experience to ensure that oil did not ... against the backdrop of recent discovery of crude oil in commercial quantities in Ghana,and what role oil has ...

  • Lagos chamber canvasses favourable business environment for private sector 7 Nov 2009 09:37 GMT
    ... realisation of the enormous potentials in the Nigerian economy,” he saidHe said that the theme ... Federal Government instead of depending solely on crude oil. This would enable Nigeria to forestall the worst of international ...

  • Government's Woeful Handling of the Petroleum Sector 6 Nov 2009 20:50 GMT
    ... us close to our first delivery of crude oil - One more piece of evidence to highlight the mediocrity in ... and the first consignment of Crude from Nigeria, was not any outstanding debt to the ...

  • Factbox: China's oil and mineral deals in Africa 6 Nov 2009 04:30 GMT
    ... -- CNOOC bought a stake in a Nigerian deepwater oil field for $2.7 billion. July ... China and Nigeria signed an $800 million crude oil sale deal between Petrochina International and the Nigerian National Petroleum ...

  • Fuel for thought 6 Nov 2009 11:18 GMT
    ... zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its longrun average. The large ... curse of oil on its producers: in Nigeria, a journey upriver in the Niger Delta, ...

  • Leaving a legacy of Transparency in Ghana's Oil and Gas Industry 6 Nov 2009 14:35 GMT
    ... Former Minister of State for Finance in Nigeria, Mrs. Nedadi Usman (Credit - Jonathan Power: ... October 10, 2003, "The development of the crude oil will benefit the entire Chadian nation". The statement made by ...

  • Bunkering: Navy arrests Lagos-bound vessel 6 Nov 2009 00:18 GMT
    ... Port-Harcourt — A Nigerian Naval Ship, NNS Pathfinder has arrested a ... vessel for embarking on illegal bunkering of crude oil at Shell Petroleum manifold, Bille Cawthorn Channel in Degema ...

  • OPEC basket price down 15 cents to USD 77.45 pb 6 Nov 2009 14:37 GMT
    ... OPEC's economic bulletin said. Last week, US crude oil price settled at USD 80.00 pb apparently affected by ... Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), ...

  • Weekly crude oil report: Nov. 2, 2009 3 Nov 2009 01:30 GMT
    ... Crude oil prices took a sharp turn last week, coming off of ... which began with a cease fire in Nigeria’s key oil producing region. The dollar, which ...

  • Weekly Crude Oil Report-11-2-09 2 Nov 2009 17:16 GMT
    ... Crude oil prices took a sharp turn last week, coming off of ... which began with a cease fire in Nigeria's key oil producing region. The dollar, which ...

  • Tapis returns leadership: REVIEW of 13 world oil prices 2 Nov 2009 14:56 GMT
    ... with a 0.1-percent sulfur content. The American West Texas Intermediate (WTI) oil was traded slightly lower than ... U.S. and China. Bonny Light, produced in Nigeria was by $0.6 per barrel cheaper than ... (Venezuela). An average spot price for WTS crude oil last week was $76.3 per barrel compared to $77 ...

  • 3 Big Investment Winners Gearing up for 2010 2 Nov 2009 18:33 GMT
    ... well. Commodities like ... Pick #1 Crude Oil, the Lifeblood of Civilization Our civilization runs on oil ... people who hate us. The fact is, Nigeria, another big supplier of U.S. oil, is ...

  • MARKET WATCH: Crude price rallies above $80/bbl 5 Nov 2009 19:03 GMT
    ... to see a rush to bring the Nigerian crude capacity back on line.” Overall, Jakob said, ... to $81.07/bbl. On the US spot market, West Texas Intermediate at Cushing, Okla., was up 80¢ to ... the December IPE contract for North Sea Brent crude increased 78¢ to $78.99/bbl. Gas oil for November ...

  • Uncertainty dogs Nigerian oil delta despite truce, amnesty 1 Nov 2009 22:36 GMT
    ... persistent attacks from armed groups, responsible for Nigeria’s oil output dropping from 2.6mn barrels a ... frustrated and unemployed youths, availability of arms, crude oil theft, underdevelopment - all still remain in the Niger ...

  • Nigeria's economy on bumpy road to recovery in 2010 ' report 3 Nov 2009 01:31 GMT
    ... rebounds after the economic meltdown, experts say Nigeria faces a bumpy road to recovery in ... with a negative contribution to growth from crude oil, the country’s main revenue earner. The report recalled that ...


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