KEY POINTS Shares of Chevron have pushed the company’s market capitalization above $400 billion for the first time, placing the oil major among the 20 most valuable publicly traded companies …
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In the NewsOil & Gas
Tinubu Approves Fiscal Incentive to Unlock $20bn Bonga Southwest Aparo Deepwater Project
KEY POINTS President Bola Ahmed Tinubu has approved a targeted fiscal incentive designed to unlock the long-delayed Bonga Southwest Aparo (BSWA) deepwater oil project, a strategic development expected to attract …
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KEY POINTS Dangote Petroleum Refinery & Petrochemicals (DPRP) has strongly refuted reports suggesting that it imports finished petroleum products, describing the claims as false, misleading, and rooted in a fundamental …
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KEY POINTS Global oil prices held steady on Monday, remaining above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as supply disruptions and rising geopolitical tensions in the Middle East …
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In the NewsMarketsOil & Gas
Nigeria’s Non-Oil Exports Climb to Record N9.2 Trillion as Naira Shift Reshapes Trade
KEY POINTS Nigeria’s non-oil exports rose to an unprecedented N9.2 trillion in the first nine months of 2025, underscoring how currency reforms and pricing dynamics are altering the country’s external …
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In the NewsOil & Gas
Oil Slips as Hopes for Russia–Ukraine Breakthrough Fade and Supply Fears Stir
KEY POINTS Oil prices drifted lower on Tuesday as traders stepped back to reassess the fragile mood around the Russia–Ukraine peace track, while fresh signals of rising stockpiles and wider …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, is confronting an increasingly heavy debt burden, with crude-backed loan obligations now estimated at N8.07tn. The figure, drawn from the company’s …
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In the NewsMarketsOil & Gas
Nigeria’s Crude Output Slips as Maintenance Work Slows NNPC’s October Flows
KEY POINTS Nigeria’s crude oil production eased in October as facility maintenance across several offshore assets weighed on output, even as the state oil company posted a sharp rise in …
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KEY POINTS Nigeria’s crude oil output in October reached 1.401 million barrels per day, marginally higher than September’s 1.39 million barrels per day, according to the latest Organisation of Petroleum …
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KEY POINTS Nigerian crude prices held firm on Wednesday as data showed that US oil and fuel inventories dropped more than expected, offering a fresh spark to global oil markets. …