There is widespread uncertainty over the take-off of the Naira-for-Crude Policy, which was scheduled to begin yesterday, ...

The Crude Oil Refinery-owners Association of Nigeria (CORAN) says the NNPC will only sell crude oil in naira to refineries ...

The encouraging news is that Nigeria is set to take a significant step towards economic independence and energy security on ...

Brooge has a capacity of one million cubic meters of crude oil and oil derivatives, enabling the company to store 6.3 million ...

including the various end products made possible through the use of crude oil. Food production is a heavy user of crude oil. If the price of oil is too high, one possible outcome is that food ...

When we buy the crude from them in naira, they will take the products back from ... should be done away with, they made it known. NNPC Ltd, as the national oil company, implemented it.

Nigeria is experiencing a renewed wave of independence from colonial influences, this time achieving it through energy independence ...

Western nations purchased $2 billion worth of Russian oil indirectly through Turkey in a sign of glaring sanctions loopholes.

The overwhelming bearishness among money managers took positioning in crude oil and oil products to the most bearish ... Well, little substantive progress has been made after two rounds of ...

In an article, the OPEC scribe insisted that the world would not function without crude oil and ... sales of petroleum products than OPEC member countries made from oil revenues.

West Texas Intermediate, the US crude oil benchmark, is trading around $ ... because refiners can produce higher yield of high quality refined products from it. Density is measured by API gravity ...

Edwin, at the session, discussed the progress made by the refinery in the ... million litres of refined petroleum products per day, depending on crude oil supply, but lamented that local crude ...