She said the country risks losing its grip on crude oil as its economic mainstay if it fails to diversify its economy.
Browsing: Nigerian crude
*Sour grade, heavy Angolan grade taking over market OpeOluwani Akintayo Loading data at ports have shown that due to an…
Michael James 01 June 2017, Sweetcrude, Lagos — Indonesia, has indicated interest to purchase more crude oil from Nigeria. Indonesian…
26 September 2016, Washington — THE Federal Government has pleaded with the United States to lift its ban on the…
Their reluctance to buy is limiting the prices Nigeria can get for its oil even as there is less of it – another hit to the finances of a country battling its worst economic crisis in decades.
Nigeria’s flagship crude export grade Qua Iboe has seen its May program struggle to find homes, trading sources said, citing the main buying region India choosing other West African crude grades over Qua Iboe as one of the main reason for the grade’s slow-moving program.
Nigeria did not export a single barrel of crude to US-based refiners in July 2014 for the first time since records started in 1973. Preliminary data suggest the trend continued in August and September. However, at its peak in February 2006, the US imported 1.3million barrels per day from Nigeria.
21 December 2015, Lagos -Nigeria’s crude oil, which has been struggling to sell in recent months, may suffer further setbacks…
24 November 2015, Abuja – Nigeria’s economy faces significant risks in the days ahead, as the country is currently having…
Oscarline Onwuemenyi 16 September 2015, Sweetcrude, Abuja – Nigerian crude appears to be enjoying a little respite lately as the Brent/WTI…
