Tag Archives: Crude oil sale

NNPC earns $239m from oil sale

The Nigerian National Petroleum Corporation (NNPC) said it posted a total crude oil and gas export sale of $239.1million in the month of November, 2017.     Details of the transactions contained in the recently released November 2017 edition of the Monthly NNPC Operations and Financial Report also indicated that the figure is 25.68 per cent lower than the previous month performance. ...

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Price of brent crude oil rises to $70 on output cuts

The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America. Brent sweet crude futures, the international benchmark for oil prices, were at 70 dollars per barrel at ...

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Global crude oil price hits $61 per barrel

Crude oil now sells for at least sixty one dollars a barrel. A reality,  that could aid producers who are dependent on the commodity like Nigeria. Nigeria’s budget bench for 2017 was pegged at $44.58 a barrel. The rise in price is highest since the middle of 2015 and was the result of the an agreement between members of the ...

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