Crude oil: Federal roads deplorable due to non-remittance, says Lawmaker

Not all oil is created equal. There is a surprising difference in price between the U.S. and Dubai benchmarks of oil.

The Nigerian Navy has handed over two vessels, boats and a twenty-two man crew to the commission of the Economic and Financial crime in an attempt to halt the theft of crude oil in Bayelsa state.

The Nigerian Security and Civil defence Corps have expressed their readiness to end oil theft in the state.

Canada has once again approved a contentious pipeline expansion that would allow the nation to diversify oil markets. The new pipeline has drawn criticism from environmental groups who fear spills.

U.S oil producers have cut their production output by over half owing to storm in the Gulf of Mexico. This has pushed oil prices near a six-week high. Uchenna Minnis, Chief Market Analyst at Eagle Global Markets joins CNBC Africa for more.

We drink crude oil to cure malaria, typhoid - Nigerian community

Kenya ships first-ever export of crude oil

We drink crude oil to cure malaria, typhoid - Nigerian community

Here is why you should pick a copy of The Guardian on Saturday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Saturday.⁣

With the global economy grinding to a sudden halt because of the Covid-19 pandemic, oil prices are going through the floor with suppliers fast running out of room to store the stuff. That’s terrible news for oil producers the world over, particularly in countries who rely on hydrocarbon handouts to keep regimes afloat. But if you’re dreaming of free fill-ups, don’t hold your breath. It might not be such great news either for cash-strapped consumers: for one, much of the price at the pump is tax and it will only fall so much.

Crude oil: Federal roads deplorable due to non-remittance, says Lawmaker

Africa's abundant sunshine is ideal for renewable energy production. But the continent relies heavily on crude oil. Experts warn that the economy will continue to suffer if governments don't wean themselves off of oil.