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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured Nigerians that the prevailing fuel crisis ravaging various parts of the country would soon disappear. Its Coordinator in Delta, Mr Victor…
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•Says new price is pain-inducing The leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC), have called on the Federal government to responsively take immediate action to reverse the current hiked…
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The Organization of the Petroleum Exporting Countries (OPEC), oil output fell in November, led by top exporter Saudi Arabia and other Gulf members, after the wider OPEC+ alliance pledged steep output cuts to support the market amid a…
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As the the increasing fuel scarcity spreads across the country, the Nigerian National Petroleum Company Limited (NNPC Ltd) has reacted saying that it has two billion litres of Premium Motor Spirit (PMS), popularly known as petrol, in…
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The Minister of State for Petroleum Resources, Timipre At Port Harcourt Refinery Sylva, the Chairman of the Board of the Nigerian National Petroleum Company Ltd, Margery Okadigbo, the Group Managing Director of the NNPC, Mele Kyari and…
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In Case Y Missed It The Nigerian National Petroleum Company Limited (NNPC), on Wednesday, November 30, sealed a $1.4 billion external project finance agreement jointly arranged by Standard Chartered Bank UK, and the United Bank for…
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The oil market has shown extreme sensitivity to suggestions that OPEC+ ministers might consider increasing output targets, a recent report from Standard Chartered highlighted. “A report on 21 November that suggested so led to a…
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As investors balanced continuing demand worries against constrained global supply, Brent oil futures fell more than 2% to below $87 per barrel amid rising economic uncertainty. Market analysts noted that a deteriorating outlook for…
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***Alleges Nigeria Lost $2bn In 8 Months The Senate Ad-Hoc Committee meant to investigate the siphoning of the country’s crude oil and the negative impact of the plague on the economy, on Tuesday submitted its findings to plenary. …
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The Minister of State for Petroleum Resources, Timipre Sylva, has said that get funding for the Kolmani Oil Field won’t be easy as global financiers are gradually turning their back on fossil fuel funding. Sylva, said this at…
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