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Tags: gas

Nigeria lost 700,000bpd of oil to pipeline vandalism in 2016 – NNPC MD

Nigeria lost 700,000bpd of oil to pipeline vandalism in 2016 – NNPC MD

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that an average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, saying this brought Nigeria’s production down to as low as 1.3 million barrels per day from 2.2 million barrels targeted for the period…. READ MORE

Nigeria: Oil Price Hits $54.25 P/B As Opec Predicts High Demand, Market Stability

Nigeria: Oil Price Hits $54.25 P/B As Opec Predicts High Demand, Market Stability

The price of crude oil has stabilised at $54.25 as the Organisation of Petroleum Exporting Countries, OPEC, predicted increased stability of the market, yesterday. The price, which was also over $54 per barrel the previous day was said to have stabilised at that level because of the near balance of demand and supply in the… READ MORE

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