Crude Oil

Nigeria offers oil blocks in Boko Haram-hit Lake Chad, cuts entry costs to lure investors

Nigeria has offered oil blocks in the Lake Chad basin, a region that has...

Nigeria launches new crude oil grade “Nembe” to compete in Europe

Nigeria has launched a new low-sulfur grade of crude oil which is particularly suited...

Crude oil surges to 10-month high, a headache for Nigeria

Global oil prices surged close to the $95 per barrel mark on Monday as...

Bayelsa crude oil poisoning report brings little or no hope

Earlier this month, a fisherman reported oil leaking from an old wellhead at Okpoama,...

Crude oil explosion kills at least 12 in Rivers

A crude oil explosion has killed at least 12 people near Port Harcourt in...