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The Group Managing Directorof theNigeria National Petroleum Corporation (NNPC), Mr. Mele Kyari, has accused the elite forthe moribundnature of the nation’s refineries. The GMD, however, said with the arrangement in place, some of…
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Several news media oulets across Nigeria have gathered reports concerning a destruction of properties belonging to the federal government of Nigeria. According to reports, the destroyed properties were a train which was bombed and…
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 “Oil dema­nd is not back to pre–Covid levels, but the balance between demand and supply is” Oil slipped after hitting a seven-year high following a surprise draw in US crude stockpiles and a robust decline in fuel supplies.  …
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The stunning recent runup in global oil prices could threaten economic growth and is unlikely to retreat until 2023, the World Bank said Thursday. Average crude prices are expected to end the year at $70 a barrel, 70 percent higher…
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"It portends danger if its members’ funds, running into tens of billions of dollars, remain trapped in the agencies as this may affect members in the discharge of their obligation to the general public" The Independent Petroleum…
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The Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, has said that the elites, and not the poor masses are responsible for the theft of crude oil in Nigeria. Kyari who said this on Thursday at…
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“Average price per liter paid by consumers for National Household Kerosene increased by 8.6 per cent month-on-month (MoM) and by 24.8 per cent year-on-year (YoY) to N434.39 in September 2021 from N400.01 in August…
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...Say Bayelsa eager to host the world The organisers of the Oloibiri Run Yenagoa Half Marathon have commended the Minister of State for Petroleum Resources, Chief Timipre Sylva for his drive to ensure the event holds as scheduled…
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"The prevailing uncertainty has also created tension for most contractors and players in the petroleum value chain" It is not the best moment at the defunct Department of Petroleum Resources, Petroleum Products Pricing Regulatory…
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Minister of State, Petroleum Resources, Mr Timipre Sylva on Wednesday assured anxious staff of scrapped agencies to calm down as there were no plans to sack them. The defunct agencies are; Department of Petroleum Resources,…
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