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Oil prices on Monday crashed to record low as oil producers ran out of space in their storage facilities leaving US oil prices with an unprecedented fall from $18 a barrel to -$38 in a matter of hours. The historic market collapse has…
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Despite all the containment efforts, coronavirus is fastly spreading across all states in Nigeria and the Federal Capital Territory (FCT). As of Tuesday, April 21, the infectious disease has spread to 25 states, including the FCT,…
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The US crude, also known as West Texas Intermediate(WTI), traded for below $0 following the impact of the coronavirus on the global oil market. This is however the first time in the history of US crude trading , that WTI is…
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Oil plunged below $15 a barrel in New York, a fresh 21-year low, as inventories soar because of the supply-demand mismatch that’s been created by the coronavirus. The most immediate West Texas Intermediate contract fell as much as…
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*Locals in Ibuluya-ama community, waiting to scoop products from the pipeline Leaks from an oil pipeline belonging to the Nigerian National Petroleum Corporation, NNPC, have rocked Ibuluya-Ama community in Okrika Local Government Area…
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By Gideon Osaka Most times, reacting to faceless authors of mischievous publications is undeserving, but for the need to disabuse the minds of unsuspecting elements, reacting to such dangerous trends becomes manifest. Only recently…
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A new gas supply agreement among the Nigerian National Petroleum Corporation (NNPC), the Transmission Company of Nigeria (TCN), power Generation Companies (Gencos) and other major stakeholders may see the federal government sustaining the…
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Petroleum and Natural Gas Senior Staff Association of Nigeria has asked its members to shut operations and all activities at the nation’s oil rigs and export terminals from Sunday midnight. PENGASSAN said this was necessitated by the…
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Being tribute By SIMON KOLAWOLE of This Day Newspapers, today 19th April, 2020 On January 18, 2020, when I first read of the new coronavirus on the BBC website, my heart missed a beat because of what China means to the world. The…
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The Secretary-General of the Organisation of Petroleum Exporting Countries, Mohammad Sanusi Barkindo has sent a condolence to President Muhammadu Buhari over the death of his of Staff, Mallam Abba Kyari. He said in the condolence…
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