Chart Of The Week : WTI

Nigeria’s crude oil production decreases to 1.6mpd

Updated 2017-04-07

Commodity News Center

Updated on 2016-05-03

Are there opportunities for Nigeria to become the agricultural giant of Africa?

Updated on 2016-05-03

What are the avenues for raising finance for agribusiness in Nigeria and overseas?

Updated on 2016-05-03

How can Nigeria benefit from agricultural industrialisation?

Updated on 2016-05-07

Oil futures settle higher, but snap streak of 4 weekly gains in a row

Updated on 2016-05-07

Gold futures soar, book weekly gain after poor jobs report

Updated on 2016-05-07

Oil up on Canada wildfire, dollar; big weekly loss for Brent

Updated on 2016-06-09

Nigeria's pioneer commodities exchange to commence operation

Updated on 2016-06-09

Ongoing supply disruptions in Nigeria causes jump in Crude oil futures

Updated on 2016-06-09

Nigeria to stop importation of six commodities by 2018

Updated on 2016-06-14

Africa’s food suppliers target international exports in the drive for growth and profit

Updated on 2016-09-22

Kaduna government, firm to establish $120m rice processing plant

Updated on 2016-09-22

Bank of China Ltd.’s New York branch will be the first yuan clearing bank in the U.S.

Updated on 2016-10-03

Teekay LNG Partners Offers Investors An Opportunity

Updated on 2016-10-03

Large Oil Company Dividends Might Not Be Sustainable Long Term

Updated on 2016-10-03

Weatherford's SEC Fraud Case

Updated on 2016-10-14

Ukraine: Agricultural Biotechnology Annual

Updated on 2016-10-14

Ukraine: Potential Increase of Ukrainian Agricultural Exports to EU

Updated on 2016-11-02

Prices seen rising for oil and other commodities in 2017

Updated on 2016-11-14

Accepting Applications for 2017 Borlaug Fellowships

Updated on 2016-12-13

Developments in Israel’s food and agriculture sector.

Updated on 2016-12-13

U.S Beef Arrives to the Israeli Market

Updated on 2016-12-13

Japan - Agricultural Biotechnology Annual

Updated on 2016-12-13

Senegal - Cotton and Products Update

Updated on 2016-12-13

Private Exporters Report Sales Activity for China

Updated on 2017-02-23

Indication of Interest – Seeking crude oil suppliers

Updated on 2017-03-05

Nigeria BPE selects advisers for commodity exchange transactions

Updated on 2017-03-29

From Aspiration to Reality : Unpacking the Africa Mining Vision

Updated on 2017-04-04

Tanzania plans to import 400 MW of electricity from Ethiopia

Updated on 2017-04-04

OPEC's Barkindo Sees Progress in Oil Cuts as Stockpiles Shrink

Updated on 2017-04-07

Analysing the Petroleum Industry Bill

Updated on 2017-04-07

When Will Russia Run Out Of Oil?

Updated on 2017-04-07

Nigeria’s crude oil production decreases to 1.6mpd

Updated on 2017-04-07

Theft: Shell Shut Bonny Light Oil Export Line

Updated on 2017-04-07

Agip to begin work on $13.5b Zabazaba deepwater project

Updated on 2017-04-07

No Plan To Increase Petrol Price – NNPC

Updated on 2017-04-08

Seadrill - What Really Drove The Selloff And What May Happen?

Updated on 2017-04-08

Chesapeake Energy: What You Must Remember

Updated on 2017-04-08

Permian Economics: Cimarex On The Edge Of Being Part Of Shale Elites

Updated on 2017-04-08

Burma - New Pest Risk Analysis Requirements

Updated on 2017-04-08

China: Monthly Agricultural Market News of South China

Updated on 2017-04-08

Japan: Increasing Interest in U.S. Feeder Cattle

Updated on 2017-04-08

Philippines: Oilseeds and Products Annual

Updated on 2017-04-08

Thailand: Cotton and Products Annual

Updated on 2017-04-08

United Kingdom: UK Triggers Two-year Process to Exit EU

Updated on 2017-04-12

Market Updates: #Oil

Updated on 2017-04-12

Market Updates: #LNG

Updated on 2017-04-12

Market Updates: #Agriculture

Updated on 2017-04-12

Market Updates: #DryBulk

Updated on 2017-04-12

Market Updates: #Metals

Updated on 2017-04-15

Bosnia and Herzegovina: Wine Product Brief

Updated on 2017-04-15

Bulgaria: Oilseeds and Products Annual Report

Updated on 2017-04-15

Canada: Canada Top Market for U.S. High-Value Agricultural Exports

Updated on 2017-04-15

Canada: The Wine Market in the Province of Quebec

Updated on 2017-04-15

Estonia: 2017 Annual Oilseeds and Products Report

Updated on 2017-04-15

Russia: WTO Notifications on EAEU Phytosanitary Requirements

Updated on 2017-04-15

Serbia: Grain and Feed Annual

Updated on 2017-04-22

Crude Falls as Rising Rig Count Seen Boosting U.S. Production

Updated on 2017-04-22

Saudis Target 30 Solar, Wind Projects in $50 Billion Pledge

Updated on 2017-04-26

NNPC reduces trade deficit by 16%

Updated on 2017-04-26

Pipeline vandalism up by 233%, says NNPC

Updated on 2017-04-26

Oil Retreats as U.S. Production Gain Offsets Stockpile Decline

Updated on 2017-04-26

Malabu Oil Asks Court to Stop FG from Signing FID on $13.5bn Oil Project

Updated on 2017-04-26

Nigeria sold $6.7bn less crude in 2016 - Report

Updated on 2017-04-26

FG to sue IOCs over $17bn undeclared crude

Updated on 2017-04-26

FG, two firms sign pact on 120mw solar power

Updated on 2017-04-26

Technology that Will Change Agriculture in 2017

Updated on 2017-05-10

Total Nigeria Q1 2017 Result Review

Updated on 2017-05-10

Marginal fields bid round to commence this month

Updated on 2017-05-10

NNPC awards Ajaokuta-Kaduna-Kano gas pipeline to Chinese firm

Updated on 2017-05-10

Nigerian oil sales slow as uncertainty surrounds DSDP

Updated on 2017-05-10

Oil Prices Rise after Hint of Longer Extension to OPEC Cut

Updated on 2017-05-10

Global conventional oil discoveries drop to record low in 2016

Updated on 2017-05-10

Over 40% of electricity diverted, stolen

Updated on 2017-05-10

Fashola: DisCos’ poor remittance nearly collapsed power sector

Updated on 2017-05-10

Saudi Arabia and Russia Signal Oil-Cuts Extension Into 2018

Updated on 2017-05-10

Libya Adds to OPEC's Burden as Output at Highest Since 2014

Updated on 2017-05-10

Recent Spike in Commodity Prices Confounded Analysts

Updated on 2017-05-10

Boost in domestic fish production

Updated on 2017-05-10

5 Clean Energy Innovations That Could Transform Our World

Updated on 2017-05-11

Mobil Oil Nigeria Q1 2017 Results Review

Updated on 2017-05-11

Agip to build refinery in Nigeria

Updated on 2017-05-11

International Consumer Pays NBET $159m For Power

Updated on 2017-05-11

FG seeks $5.2bn from World Bank for electricity

Updated on 2017-05-11

Nigeria’s coal deposits can sustain additional 4,300MW for 20 years

Updated on 2017-05-11

Eni to build crude oil refinery in Nigeria -oil minister

Updated on 2017-05-11

Shale Drillers Are Outspending the World With $84 Billion Spree

Updated on 2017-05-11

Small-Scale Miners' Huge Boost to Foreign Earnings in Ethiopia

Updated on 2017-05-11

OPEC APR OUTPUT 31.85 MILLION B/D, UNCHANGED FROM MAR: PLATTS SURVEY

Updated on 2017-06-09

Constraint in Nigeria’s $10bn fruit industry

Updated on 2017-06-09

Dangote signs pact on $700m (USD) sugar project

Updated on 2017-06-09

FG: $1.2bn required to fix refineries

Updated on 2017-06-09

NNPC operating secret fuel subsidy — Senate

Updated on 2017-06-09

44 ships arrive Lagos ports, 8 with 233,000 tonnes of petrol

Updated on 2017-06-09

N4.74tn spent on fuel imports in 2016 – Kachikwu

Updated on 2017-06-09

FG, AfDB open talks on coal-to-power financing

Updated on 2017-06-09

Afam power station’ll generate 340MW by December – FG

Updated on 2017-06-09

Iraq Seeks to Triple Refining Capacity With Slew of Projects

Updated on 2017-06-09

Glut Keeps Oil Prices in Check as Turmoil Shakes the Middle East

Updated on 2017-06-09

Gold Rally Limited to U.K.

Updated on 2017-06-09

India: Grain and Feed Voluntary

Updated on 2017-07-04

France to invest in Nigeria’s oil, gas sector

Updated on 2017-07-04

Nigeria’s major non-oil exports fall

Updated on 2017-07-04

Maize prices rise 83% on the back of armyworm invasion

Updated on 2017-07-21

FG licenses 10 more modular refineries

Updated on 2017-07-21

NNPC daily gas supply to power plants increases by 64%

Updated on 2017-07-21

Downstream oil sector has $10bn investments deficit

Updated on 2017-07-21

Refineries realise N62 billion from refined products

Updated on 2017-07-21

Nigeria to explore African market for crude oil sale

Updated on 2017-07-21

Electricity: Grid loses 689mw after hitting 4,345mw

Updated on 2017-08-08

Lagos acquires 32 tonnes per hour rice mill from Switzerland

Updated on 2017-08-08

GuarantCo provides Debt Service Reserve Account guarantee (DSRA) guarantee in Mali

Updated on 2018-09-04

Ivory Coast cocoa farmers expect abundant crop despite meager rainfall

Updated on 2018-09-05

Nigeria spends $2bn annually on honey importation

Updated on 2018-09-06

Zimbabwe: Bread Shortage Looms As Flour Millers Halt Operations - Cite Lack of Forex From RBZ

Updated on 2018-09-07

Africa welcomes first ever full-stream oil, gas & energy transformation dais

Updated on 2018-09-07

South Africa: Sugar Tariffs to Provide Relief Against the Surge of Imports

Updated on 2018-09-10

Ghana’s cocoa industry is under threat could this be the solution?

Updated on 2018-09-11

Foreign reserves and oil prices fall in Nigeria

Updated on 2018-09-11

Zimbabwe: Gold Trades Lower

Updated on 2018-09-11

International Institute of Tropical Agriculture (IITA) becomes the first institution to win the Africa Food Prize

Updated on 2018-09-12

South Africa’s manufacturing output for July rises by 2.9 percent!

Updated on 2018-09-12

Global hunger continues to rise, new UN report says

Updated on 2018-09-14

$8.9b lost annually to post-harvest wastage, says NIRSAL

Updated on 2018-09-14

Minister: Foreign investors want banks to invest in mining

Updated on 2018-09-14

Forex earnings from cashew threatened

Updated on 2018-09-14

Nigeria, China sign $2bn MoU on cotton industry

Updated on 2018-09-18

Tanzania: Cassava Promotion Yields Positive Results in China

Updated on 2018-09-19

Why Kenya’s president is planning to cut fuel tax by half

Updated on 2018-09-20

Oil majors expect first ruling in Nigeria’s $1.3b oilfield scandal

Updated on 2018-09-20

$7b Train 7: NLNG secures guarantees for gas feedstock supply, off takers

Updated on 2018-09-21

Ethiopia: Coffee, Tea Exports Generate $82m

Updated on 2018-09-21

Nigeria, China commence implementation of low-density Geochemical mapping

Updated on 2018-09-21

Kenya: Why Nairobians Have Gone Crazy About Pineapple Peels

Updated on 2018-09-25

Zimbabwe: More Gold Resources At Blanket Mine

Updated on 2018-09-25

Nigeria: Experts List Challenges Facing Solid Minerals Sector

Updated on 2018-09-25

Zimbabwe: 'Diversify to Increase Mineral Commodities'

Updated on 2018-09-25

Libya Says Its Oil Output at Most Since 2013 Can Go Even Higher

Updated on 2018-09-27

‘SSAOGES 2018 will shape Africa’s energy culture

Updated on 2018-09-27

Despite huge gas reserves, supply troubles hit Nigeria’s LPG industry

Updated on 2018-09-27

NCDMB boss wants increased lawyers participation in oil, gas reforms

Updated on 2018-09-27

Nigeria Spends $44.5m Yearly On Industrial Minerals Importation – FG

Updated on 2018-09-28

Dangote Refinery jetty receives first ship

Updated on 2018-09-28

OAI seeks government commitment to oil sector reforms

Updated on 2018-10-02

OCP, Chinese firm collaborate on new generation of fertilizers, smart agriculture

Updated on 2018-10-03

FAO charges African governments to invest more in agriculture

Updated on 2018-10-03

FG begins move to broaden apiculture sector

Updated on 2018-10-03

18 fertiliser blending plants revived under PFI-FEPSAN

Updated on 2018-10-03

Nigeria records 20 unsold crude cargoes as trade slows

Updated on 2018-10-05

EU denies proposed ban on palm oil importation

Updated on 2018-10-05

SA looks to kickstart its biofuels industry

Updated on 2018-10-09

Nigeria: No Shipping Link - Nigeria Loses 1.4M Tons Coal Export to Ghana

Updated on 2018-10-09

Africa: 3 'Big' Economies Slow Down Growth in Sub-Saharan Africa

Updated on 2018-10-09

2018 Agric Show: Farmers Call For Adequate Security At Show

Updated on 2018-10-09

Dangote canvasses free trade to deepen Africa’s economy

Updated on 2018-10-11

Cement manufacturers target hinterlands to boost market share

Updated on 2018-10-11

Differentials For Nigerian Crude Remain Unchanged

Updated on 2018-10-11

AIICO Insurance unveils new initiative to boost Agriculture, economy

Updated on 2018-10-11

In Nigeria, Plans for the World’s Largest Refinery

Updated on 2018-10-16

Chinese Company to Invest in Agriculture, Power Projects in Nigeria

Updated on 2018-10-16

Kachikwu: Nigeria Currently In Full-Blown Energy Crisis

Updated on 2018-10-16

World Food Day: Obaseki harps on improved support to farmers, assures on food sufficiency measures

Updated on 2018-10-16

World Food Day: FG restates commitment to zero hunger

Updated on 2018-10-17

Barchart Launches cmdtyView to Revolutionize Physical Grain Trading

Updated on 2018-10-17

CBN Disburses N615bn to Farmers

Updated on 2018-10-18

Agric centre exihibits new technologies

Updated on 2018-10-18

Standard Chartered Foresees Increased China-Africa Trade

Updated on 2018-10-18

Zimbabwe: Wheat Supply Remains Critical

Updated on 2018-10-18

Why coffee farmers left production – Institute

Updated on 2018-10-18

Typha grass threatens farming in Jigawa

Updated on 2018-10-18

Kebbi wants EU to reduce subsidy on agric production

Updated on 2018-10-18

Institute says rice, sorghum, cassava will witness poor harvest

Updated on 2018-10-23

Agric sector loses N20b annually to insurance issues

Updated on 2018-10-23

Zimbabwe: 'Capitalise On Mining Boom'

Updated on 2018-10-23

Zimbabwe: 'Capitalise On Mining Boom'

Updated on 2018-10-23

Agric sector loses N20b annually to insurance issues

Updated on 2018-10-18

Institute says rice, sorghum, cassava will witness poor harvest

Updated on 2018-10-18

Kebbi wants EU to reduce subsidy on agric production

Updated on 2018-10-18

Typha grass threatens farming in Jigawa

Updated on 2018-10-18

Why coffee farmers left production – Institute

Updated on 2018-10-18

Zimbabwe: Wheat Supply Remains Critical

Updated on 2018-10-18

Standard Chartered Foresees Increased China-Africa Trade

Updated on 2018-10-18

Agric centre exihibits new technologies

Updated on 2018-10-17

CBN Disburses N615bn to Farmers

Updated on 2018-10-17

Barchart Launches cmdtyView to Revolutionize Physical Grain Trading

Updated on 2018-10-16

World Food Day: FG restates commitment to zero hunger

Updated on 2018-10-16

World Food Day: Obaseki harps on improved support to farmers, assures on food sufficiency measures

Updated on 2018-10-16

Kachikwu: Nigeria Currently In Full-Blown Energy Crisis

Updated on 2018-10-16

Chinese Company to Invest in Agriculture, Power Projects in Nigeria

Updated on 2018-10-11

In Nigeria, Plans for the World’s Largest Refinery

Updated on 2018-10-11

AIICO Insurance unveils new initiative to boost Agriculture, economy

Updated on 2018-10-11

Differentials For Nigerian Crude Remain Unchanged

Updated on 2018-10-11

Cement manufacturers target hinterlands to boost market share

Updated on 2018-10-09

Dangote canvasses free trade to deepen Africa’s economy

Updated on 2018-10-09

2018 Agric Show: Farmers Call For Adequate Security At Show

Updated on 2018-10-09

Africa: 3 'Big' Economies Slow Down Growth in Sub-Saharan Africa

Updated on 2018-10-09

Nigeria: No Shipping Link - Nigeria Loses 1.4M Tons Coal Export to Ghana

Updated on 2018-10-05

SA looks to kickstart its biofuels industry

Updated on 2018-10-05

EU denies proposed ban on palm oil importation

Updated on 2018-10-03

Nigeria records 20 unsold crude cargoes as trade slows

Updated on 2018-10-03

18 fertiliser blending plants revived under PFI-FEPSAN

Updated on 2018-10-03

FG begins move to broaden apiculture sector

Updated on 2018-10-03

FAO charges African governments to invest more in agriculture

Updated on 2018-10-02

OCP, Chinese firm collaborate on new generation of fertilizers, smart agriculture

Updated on 2018-09-28

OAI seeks government commitment to oil sector reforms

Updated on 2018-09-28

Dangote Refinery jetty receives first ship

Updated on 2018-09-27

Nigeria Spends $44.5m Yearly On Industrial Minerals Importation – FG

Updated on 2018-09-27

NCDMB boss wants increased lawyers participation in oil, gas reforms

Updated on 2018-09-27

Despite huge gas reserves, supply troubles hit Nigeria’s LPG industry

Updated on 2018-09-27

‘SSAOGES 2018 will shape Africa’s energy culture

Updated on 2018-09-25

Libya Says Its Oil Output at Most Since 2013 Can Go Even Higher

Updated on 2018-09-25

Zimbabwe: 'Diversify to Increase Mineral Commodities'

Updated on 2018-09-25

Nigeria: Experts List Challenges Facing Solid Minerals Sector

Updated on 2018-09-25

Zimbabwe: More Gold Resources At Blanket Mine

Updated on 2018-09-21

Kenya: Why Nairobians Have Gone Crazy About Pineapple Peels

Updated on 2018-09-21

Nigeria, China commence implementation of low-density Geochemical mapping

Updated on 2018-09-21

Ethiopia: Coffee, Tea Exports Generate $82m

Updated on 2018-09-20

$7b Train 7: NLNG secures guarantees for gas feedstock supply, off takers

Updated on 2018-09-20

Oil majors expect first ruling in Nigeria’s $1.3b oilfield scandal

Updated on 2018-09-19

Why Kenya’s president is planning to cut fuel tax by half

Updated on 2018-09-18

Tanzania: Cassava Promotion Yields Positive Results in China

Updated on 2018-09-14

Nigeria, China sign $2bn MoU on cotton industry

Updated on 2018-09-14

Forex earnings from cashew threatened

Updated on 2018-09-14

Minister: Foreign investors want banks to invest in mining

Updated on 2018-09-14

$8.9b lost annually to post-harvest wastage, says NIRSAL

Updated on 2018-09-12

Global hunger continues to rise, new UN report says

Updated on 2018-09-12

South Africa’s manufacturing output for July rises by 2.9 percent!

Updated on 2018-09-11

International Institute of Tropical Agriculture (IITA) becomes the first institution to win the Africa Food Prize

Updated on 2018-09-11

Zimbabwe: Gold Trades Lower

Updated on 2018-09-11

Foreign reserves and oil prices fall in Nigeria

Updated on 2018-09-10

Ghana’s cocoa industry is under threat could this be the solution?

Updated on 2018-09-07

South Africa: Sugar Tariffs to Provide Relief Against the Surge of Imports

Updated on 2018-09-07

Africa welcomes first ever full-stream oil, gas & energy transformation dais

Updated on 2018-09-06

Zimbabwe: Bread Shortage Looms As Flour Millers Halt Operations - Cite Lack of Forex From RBZ

Updated on 2018-09-05

Nigeria spends $2bn annually on honey importation

Updated on 2018-09-04

Ivory Coast cocoa farmers expect abundant crop despite meager rainfall

Updated on 2017-10-30

PM markets: coffee gains, defying strong dollar, which hurts grains

Updated on 2017-10-30

Weekly grain and oilseeds market view from Europe

Updated on 2017-08-08

GuarantCo provides Debt Service Reserve Account guarantee (DSRA) guarantee in Mali

Updated on 2017-08-08

Lagos acquires 32 tonnes per hour rice mill from Switzerland

Updated on 2017-07-21

Electricity: Grid loses 689mw after hitting 4,345mw

Updated on 2017-07-21

Nigeria to explore African market for crude oil sale

Updated on 2017-07-21

Refineries realise N62 billion from refined products

Updated on 2017-07-21

Downstream oil sector has $10bn investments deficit

Updated on 2017-07-21

NNPC daily gas supply to power plants increases by 64%

Updated on 2017-07-21

FG licenses 10 more modular refineries

Updated on 2017-07-04

Maize prices rise 83% on the back of armyworm invasion

Updated on 2017-07-04

Nigeria’s major non-oil exports fall

Updated on 2017-07-04

France to invest in Nigeria’s oil, gas sector

Updated on 2017-06-09

India: Grain and Feed Voluntary

Updated on 2017-06-09

Gold Rally Limited to U.K.

Updated on 2017-06-09

Glut Keeps Oil Prices in Check as Turmoil Shakes the Middle East

Updated on 2017-06-09

Iraq Seeks to Triple Refining Capacity With Slew of Projects

Updated on 2017-06-09

Afam power station’ll generate 340MW by December – FG

Updated on 2017-06-09

FG, AfDB open talks on coal-to-power financing

Updated on 2017-06-09

N4.74tn spent on fuel imports in 2016 – Kachikwu

Updated on 2017-06-09

44 ships arrive Lagos ports, 8 with 233,000 tonnes of petrol

Updated on 2017-06-09

NNPC operating secret fuel subsidy — Senate

Updated on 2017-06-09

FG: $1.2bn required to fix refineries

Updated on 2017-06-09

Dangote signs pact on $700m (USD) sugar project

Updated on 2017-06-09

Constraint in Nigeria’s $10bn fruit industry

Updated on 2017-05-11

OPEC APR OUTPUT 31.85 MILLION B/D, UNCHANGED FROM MAR: PLATTS SURVEY

Updated on 2017-05-11

Small-Scale Miners' Huge Boost to Foreign Earnings in Ethiopia

Updated on 2017-05-11

Shale Drillers Are Outspending the World With $84 Billion Spree

Updated on 2017-05-11

Eni to build crude oil refinery in Nigeria -oil minister

Updated on 2017-05-11

Nigeria’s coal deposits can sustain additional 4,300MW for 20 years

Updated on 2017-05-11

FG seeks $5.2bn from World Bank for electricity

Updated on 2017-05-11

International Consumer Pays NBET $159m For Power

Updated on 2017-05-11

Agip to build refinery in Nigeria

Updated on 2017-05-11

Mobil Oil Nigeria Q1 2017 Results Review

Updated on 2017-05-10

5 Clean Energy Innovations That Could Transform Our World

Updated on 2017-05-10

Boost in domestic fish production

Updated on 2017-05-10

Recent Spike in Commodity Prices Confounded Analysts

Updated on 2017-05-10

Libya Adds to OPEC's Burden as Output at Highest Since 2014

Updated on 2017-05-10

Saudi Arabia and Russia Signal Oil-Cuts Extension Into 2018

Updated on 2017-05-10

Fashola: DisCos’ poor remittance nearly collapsed power sector

Updated on 2017-05-10

Over 40% of electricity diverted, stolen

Updated on 2017-05-10

Global conventional oil discoveries drop to record low in 2016

Updated on 2017-05-10

Oil Prices Rise after Hint of Longer Extension to OPEC Cut

Updated on 2017-05-10

Nigerian oil sales slow as uncertainty surrounds DSDP

Updated on 2017-05-10

NNPC awards Ajaokuta-Kaduna-Kano gas pipeline to Chinese firm

Updated on 2017-05-10

Marginal fields bid round to commence this month

Updated on 2017-05-10

Total Nigeria Q1 2017 Result Review

Updated on 2017-04-26

Technology that Will Change Agriculture in 2017

Updated on 2017-04-26

FG, two firms sign pact on 120mw solar power

Updated on 2017-04-26

FG to sue IOCs over $17bn undeclared crude

Updated on 2017-04-26

Nigeria sold $6.7bn less crude in 2016 - Report

Updated on 2017-04-26

Malabu Oil Asks Court to Stop FG from Signing FID on $13.5bn Oil Project

Updated on 2017-04-26

Oil Retreats as U.S. Production Gain Offsets Stockpile Decline

Updated on 2017-04-26

Pipeline vandalism up by 233%, says NNPC

Updated on 2017-04-26

NNPC reduces trade deficit by 16%

Updated on 2017-04-22

Saudis Target 30 Solar, Wind Projects in $50 Billion Pledge

Updated on 2017-04-22

Crude Falls as Rising Rig Count Seen Boosting U.S. Production

Updated on 2017-04-15

Serbia: Grain and Feed Annual

Updated on 2017-04-15

Russia: WTO Notifications on EAEU Phytosanitary Requirements

Updated on 2017-04-15

Estonia: 2017 Annual Oilseeds and Products Report

Updated on 2017-04-15

Canada: The Wine Market in the Province of Quebec

Updated on 2017-04-15

Canada: Canada Top Market for U.S. High-Value Agricultural Exports

Updated on 2017-04-15

Bulgaria: Oilseeds and Products Annual Report

Updated on 2017-04-15

Bosnia and Herzegovina: Wine Product Brief

Updated on 2017-04-12

Market Updates: #Metals

Updated on 2017-04-12

Market Updates: #DryBulk

Updated on 2017-04-12

Market Updates: #Agriculture

Updated on 2017-04-12

Market Updates: #LNG

Updated on 2017-04-12

Market Updates: #Oil

Updated on 2017-04-08

United Kingdom: UK Triggers Two-year Process to Exit EU

Updated on 2017-04-08

Thailand: Cotton and Products Annual

Updated on 2017-04-08

Philippines: Oilseeds and Products Annual

Updated on 2017-04-08

Japan: Increasing Interest in U.S. Feeder Cattle

Updated on 2017-04-08

China: Monthly Agricultural Market News of South China

Updated on 2017-04-08

Burma - New Pest Risk Analysis Requirements

Updated on 2017-04-08

Permian Economics: Cimarex On The Edge Of Being Part Of Shale Elites

Updated on 2017-04-08

Chesapeake Energy: What You Must Remember

Updated on 2017-04-08

Seadrill - What Really Drove The Selloff And What May Happen?

Updated on 2017-04-07

No Plan To Increase Petrol Price – NNPC

Updated on 2017-04-07

Agip to begin work on $13.5b Zabazaba deepwater project

Updated on 2017-04-07

Theft: Shell Shut Bonny Light Oil Export Line

Updated on 2017-04-07

Nigeria’s crude oil production decreases to 1.6mpd

Updated on 2017-04-07

When Will Russia Run Out Of Oil?

Updated on 2017-04-07

Analysing the Petroleum Industry Bill

Updated on 2017-04-06

Dangote to intensify local sourcing of sugarcane for refining

Updated on 2017-04-04

OPEC's Barkindo Sees Progress in Oil Cuts as Stockpiles Shrink

Updated on 2017-04-04

Tanzania plans to import 400 MW of electricity from Ethiopia

Updated on 2017-03-29

From Aspiration to Reality : Unpacking the Africa Mining Vision

Updated on 2017-03-29

I quit my job to farm watermelons

Updated on 2017-03-05

Nigeria BPE selects advisers for commodity exchange transactions

Updated on 2017-02-26

John Deere 310SK backhoe review

Updated on 2017-02-23

Indication of Interest – Seeking crude oil suppliers

Updated on 2016-12-13

Private Exporters Report Sales Activity for China

Updated on 2016-12-13

Senegal - Cotton and Products Update

Updated on 2016-12-13

Japan - Agricultural Biotechnology Annual

Updated on 2016-12-13

U.S Beef Arrives to the Israeli Market

Updated on 2016-12-13

Developments in Israel’s food and agriculture sector.

Updated on 2016-11-14

Accepting Applications for 2017 Borlaug Fellowships

Updated on 2016-11-02

Prices seen rising for oil and other commodities in 2017

Updated on 2016-10-14

Ukraine: Potential Increase of Ukrainian Agricultural Exports to EU

Updated on 2016-10-14

Ukraine: Agricultural Biotechnology Annual

Updated on 2016-10-03

Weatherford's SEC Fraud Case

Updated on 2016-10-03

Large Oil Company Dividends Might Not Be Sustainable Long Term

Updated on 2016-10-03

Teekay LNG Partners Offers Investors An Opportunity

Updated on 2016-09-22

Bank of China Ltd.’s New York branch will be the first yuan clearing bank in the U.S.

Updated on 2016-09-22

Kaduna government, firm to establish $120m rice processing plant

Updated on 2016-06-14

Africa’s food suppliers target international exports in the drive for growth and profit

Updated on 2016-06-09

Nigeria to stop importation of six commodities by 2018

Updated on 2016-06-09

Ongoing supply disruptions in Nigeria causes jump in Crude oil futures

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>> Nigeria’s average daily crude oil and condensate production has dropped =

Nigeria’s average daily crude oil and condensate production has dropped from the two million barrels per day (bpd) it recorded as at February to 1.6 million bpd in March.

March Facts and Figures from the Ministry of Petroleum Resources attributed the reduction in crude oil production to the routine repair work going on at Shell Nigeria Exploration and Production Company Limited (SNEPCo) 250,000 bpd capacity Bonga Floating Production Storage and Offloading (FPSO).

There is expected to be a boost in the country’s crude oil output in the coming months as SNEPCo announced last week that it has concluded its turnaround maintenance at the 225,000 bpd, Bonga FPSO, this month. This current production level represents a shut fall of 600,000 bpd from the 2.2 mbp, which the Federal Government has set as benchmark in its 2017 budget.At the current price of $53 per barrels for Brent crude oil, Nigeria will be losing about $38.1 million daily to the reduction in production.

 

SNEPCo under a Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC), produces about 200,000 barrels of oil per day in the 225,000 barrels per day capacity Bonga field.

Managing Director of SNEPCO, Bayo Ojulari, had said in a statement that the current maintenance of the field was the fourth since the Bonga field began production in November 2005.

Ojulari, stated: “The plan is to successfully conclude the ramp of activities and resume production as planned in April, 2017. It is not proper to interpret the period as production loss to Nigeria.

“Rather, the turnaround maintenance is a series of planned and controlled activities that are implemented in collaboration with government and other stakeholders with the aim of ensuring the continued safety and productivity at the facility. The planning started two years ago and safety is top priority in every stage of the activities.

“This is an operation safely in Nigerian hands, with Nigerian engineers and companies playing leading roles and ensuring the objectives of the exercise are achieved.” The turnaround maintenance which commenced on March 04, 2017, involves three major components – statutory and regulatory safety checks, inspections, repairs and replacement of equipment and upgrades.”

The Minister of State, Petroleum Resources, Ibe Kachikwu, said that Nigeria is capable of producing three million barrels of crude oil per day from the Niger Delta region. The minister said the insecurity in the region had been undermining the nation’s capacity to realise its potential in oil production.

“It is important we continue to sustain the institutional engagement and negotiations which are key to the development of the region. “Our target is zero militancy by the middle of 2017, and an incident reduction in the region by 90 per cent by 2018. “We must resolve current militancy problems and bring back oil production to 2.2 million barrels per day,” he said.

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