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…Hails Nigerian Content Accomplishments The Minister of State for Petroleum Resources, Chief Timipre Sylva on Tuesday in Abuja inaugurated the new Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB), with…
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Country has agreed to make up for previous flouting of quotaNNPC cutting output deeper than needed in past 10 days Mallam Mele Kolo Kyari, Group Managing Director of Nigerian National Petroleum Corporation (NNPC), says the OPEC+…
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Thousands bid farewell ahead of funeral of the black man whose death inspired worldwide anti-racism protests. George Floyd, whose death sparked worldwide protests, will be laid to rest on Tuesday, next to his mother Larcenia…
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China’s province of Shandong – home to most of the country’s independent refiners – plans to shut down as much as 500,000 bpd refining capacity at the so-called teapots as it pushes forward with a huge US$20-billion refinery and…
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*How govt arruved at new N125 per litre fuel price - Official *Buhari orders reduction in fuel priceNo claim for audited petrol stocks prior to subsidy removal, says PPPRA *How we arrived at N87 petrol price – PPPRA *PPPRA…
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*Several factors contribute to this in the coming months, the most important of which is the recovery in demand with the opening of global economies The "OPEC" and "OPEC +" countries met last Saturday and approved the extension of…
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The Nigerian National Petroleum Corporation (NNPC) on Saturday laid the foundation for construction of a 200-bed Emergency and Infectious Disease Hospital in Maiduguri. The NNPC Group Managing Director (GMD), Mr Mele Kyari, during the…
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The US Treasury Department on June 8 designated 121 tankers, container ships and other vessels owned or tied to Iranian shipper IRISL for additional secondary sanctions, but the action is expected to have limited impact on crude and oil…
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*OPEC production cuts matter far less than international companies deciding to scale back production and capex Uncertainty often surrounds how Nigeria plans to implement crude production cuts after it has agreed them with Opec. But,…
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*Forced oil production shutdowns and the extension of the OPEC+ cuts into July will balance COVID-19-hit global crude and condensate demand and create a monthly deficit starting from June and continuing until at least the end of 2021 …
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