The Chief of Naval Staff, Vice Admiral Awwal Gambo, has described as unrealistic and impossible the estimated amount of stolen crude oil in the country. Reports of stolen crude oil of about 20,000 to 200,000 barrels per day had been in circulation. But the naval chief described the figures as too high, stressing that losses
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Saudi to Raise Crude Oil Production Capacity by One Million Barrels Per Day
Energy giant Saudi Aramco said Wednesday it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies. The decision came a day after Saudi Arabia, the world’s top exporter, decided to hike production by at least 2.5 million bpd to a
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