Tag Archives: Crude oil

Washington (AFP) – President Joe Biden announced Tuesday he has ordered the release of 50 million barrels of oil from the US strategic reserves in a coordinated attempt with other countries to tamp down soaring fuel prices.

The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat.   In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday. That’s a threefold increase from the U.S. low reached a decade ago, and a …

By Charles Igbinidu   For perceptive analysts, it is obvious that the primary goal of the government of Buhari is to reduce the dependence of the northern part of the country (where he is from), on the south. However, for him to achieve his objective, he still needs funds from the sale of crude oil from the Niger-Delta. Instead of …

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, on Monday in India, negotiated a USD 15 billion investment with terms to be agreed, where the Indian Government would make an upfront payment for Crude purchase to Nigeria, to be repaid on the basis of firm Term Crude Contracts over some years and in consideration for Indian public …

 ——–“Your drones won’t stop us”, The Niger Delta Avengers has stated that the Federal government is employing delay tactics over dialogue to enable it purchase drones from the United States of America which it plans to deploy against militants in the oil rich Niger Delta. The militant group also enjoined the Federal government to concentrate on oil exploration in the …

President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC, to increase the tempo on crude oil exploration activities in the northern part of the country.

The Niger Delta Avengers (NDA) on Friday reiterated that there is no ongoing peace talk between it and the Federal government of Nigeria.

The Niger Delta Avengers (NDA) on Friday commended the foreign refineries that have refused to buy Nigerian crude oil. It also disclosed that it has vandalized another oil trunk line in Bayelsa State belonging to Agip ENI.

The Niger-Delta Avengers, NDA, on Wednesday rejected moves by the Federal government to negotiate with it. The NDA also announced on its twitter handle that it blew up RMP 20 belonging to Chevron located 20 meters away from Dibi flow Station in Warri North local government area.