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Tag Archives: Energy Information Administration (EIA)

More Nigerian dormant oil rigs activated due to rising oil prices–Report

OPEC Ibe kachukwu

A new report on Nigeria’s oil industry activities released by Baker Hughes Incorporated and the Organisation of Petroleum Exporting Countries (OPEC), has revealed that the number of active oil rigs ...

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Anxiety as US exports rise shift buyers’ attention away from Nigerian crude

Crude oil pipeline

Since this week, several crude cargoes of Nigerian crude have been hovering on the international market without buyers in sight due to supply glut caused by rising glut of light ...

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US steps up imports of Nigerian oil to 52% in 6 months

Oil prices

As oil prices steadies at above $50, latest revelation from the US Energy Information Administration (EIA), the statistical arm of the Energy Department, has shown that the country bought a ...

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Failing US inventories stabilizing oil price above $50 throughout this week

Crude oil pipeline

Due to failing US inventories, oil prices seem be stabilizing at a near eight-week highs since Wednesday. The scenario bolstered expectations that the long-oversupplied market was moving toward balance. Brent ...

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