Valuechain - Nigeria's foremost Online Energy News Platform

The Corporate Affairs Commission has completed the incorporation of Nigerian National Petroleum Company Limited in accordance with provisions of the provisions of Petroleum Industry Act (PIA), 2021 signed into law by President…
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"...Much of the demand growth materialises in 2021-23, as part of the recovery process from the COVID-19 pandemic" By Teddy Nwanunobi The Organisation of Petroleum Exporting Countries (OPEC), in its 2021 World Oil Outlook (WOO…
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"For the past one year, the price of LPG has been on the rise, with current refilling price rising by more than 100 per cent, largely because of the scarcity of the product, occasioned by unavailability of foreign exchange for importation,…
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By Teddy Nwanunobi Oil markets eased on Tuesday, after a five-day rally as investors took profits on fears that higher prices may weaken fuel demand, though market sentiment remained firm amid tight supply. Subsequently Brent…
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By Teddy Nwanunobi Goldman Sachs has raised its forecast for global crude oil predicting that prices could reach $90 per barrel by the end of this year, up from $80, due to supply disruptions in the Gulf of Mexico and signs of…
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By Teddy Nwanunobi Gas producers at the Platts Asia Pacific Petroleum Conference (APPEC 2021) have predicted that global gas demand is anticipated to achieve pre-pandemic ranges by early 2022, because the financial system shrugs off…
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"The Federal Government has previously pointed to a recently signed Petroleum Industry Act (PIA) as key to boosting investment and production" By Teddy Nwanunobi Nigeria and Angola will now have to struggle to boost output to…
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By Teddy Nwanunobi OPAC refineries, an indigenous refining company, has announced the completion of production of the first set of refined products in its refinery in Kwale, Delta State after four years of continuous development of…
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"An Opinium poll published in the Observer newspaper on Sunday said that 67 per cent of voters believe the government has handled the crisis badly" By Teddy Nwanunobi Following an acute shortage of truckers, which has triggered…
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Deport owners are prioritising storage of white products including petrol, diesel, aviation fuel, kerosene over Liquefied Petroleum Gas (LPG) contributing to the soaring cost of the product in the market. This decision enquiries…
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