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President Muhammadu Buhari has, on Thursday, performed a groundbreaking ceremony of the Kaduna-Kano rail line project in Kano State. Special Adviser to the President on Media and Publicity, Femi Adesina, made this known on his Facebook…
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*Prices at the pump appear to be on the rise again. *However, some relief – although not much – may just be right around the corner. To date, gasoline demand has "likely" peaked as the price of oil continues to drop as…
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The Nigerian Association of Road Transport Owners (NARTO) has cautioned the Federal Government and National Assembly not to use the Petroleum Industry Bill (PIB) to pave the way for Dangote Petroleum Refinery to monopolise importation of…
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The House of Representatives has stepped down the laying and consideration of the conference committee on the Petroleum Industry Bill (PIB) after a rowdy session over reduction in the 5 per cent earlier passed for host communities by the…
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By Teddy Nwanunobi The European Union policymakers have unveiled an ambitious plan to tackle climate change, as their proposal aims to reduce greenhouse gas emissions by 55 per cent, from 1990 levels by 2030 – a step towards ‘net zero’…
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The National Assembly (NASS) was thrown into commotion on Thursday as the House of Representatives was forced into a closed door session over considerations of the Petroleum Industry Bill (PIB). TheNewsGuru.com (TNG) reports the Senate…
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By Teddy Nwanunobi Latest information from the Organisation of the Petroleum Exporting Countries (OPEC), following its meetings of July 12 to 14, said that the crude oil futures rose on July 13 as strong demand combined with the…
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Mr. Abdulrazaq Isa, a general manager with Waltersmith Petroman Oil Limited, has been confirmed as the new chairman of the Independent Petroleum Producers Group (IPPG) with effect from June 29, 2021. He succeeds Mr. Ademola…
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Oil’s rally fizzled as a build in U.S. fuel inventories and a potential OPEC+ agreement to increase supply cooled a buying spree that had pushed the market above US$75. Futures in New York fell 2.8 per cent, the most since May. Both…
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*As Nigeria launches book to mark anniversary Timipre Sylva, Minister of State for Petroleum Resources, has said oil will not lose its place in the future energy mix, adding that OPEC itself would continue to be a force to be reckoned…
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