Valuechain - Nigeria's foremost Online Energy News Platform

The Organisation of Petroleum Exporting Countries, OPEC says, the Coronavirus Disease Pandemic has compelled it to assess and reassess the consequences in the Oil Market on an almost daily basis to find solutions to help all people of…
Read More...

...I greet you all, dear Nigerians, on the commemoration of the resurrection of Jesus Christ for the salvation of the world This season, this storied moment, is deeply rooted in love and sacrifice. To renew us, Jesus Christ had to…
Read More...

The Shell companies in Nigeria on Tuesday presented eight vehicles to Lagos and Rivers State governments to support the efforts at contact tracing and treatment of novel coronavirus (COVID-19) cases.  The companies, comprising The…
Read More...

- Governor Bello of Niger state has announced the lockdown of the state in a bid to contain the coronavirus pandemic in the state - The governor's action follows the confirmation of the state's first COVID-19 case on Friday - The…
Read More...

*Leonid Fedun admits that the deal with OPEC had negative aspectsct Lukoil has hailed the results of the oil production cuts deal between OPEC+ and a number of other nations, the company’s vice -president and co-owner, Leonid Fedun,…
Read More...

•Expects $15 per barrel price rebound, cuts output to 1.4mbd Nigeria says it expects to gain about $2.8 billion from its sale of crude oil in the coming months if the weakened prices of the commodity gain an additional $15 per barrel…
Read More...

The Group of 20 plans to create an ad hoc group to ensure that steps to stabilize oil markets expected to be agreed on Thursday and Friday are implemented, according to a draft of the communique circulated to member countries. The body…
Read More...

The African Petroleum Producers' Organization (APPO) has followed with keen interest, the Meeting of the OPEC+ or Declaration of Cooperation Partners which held on Thursday, 9th April, 2020 and the Meeting of the G20 Energy Ministers which…
Read More...

The G-20 energy ministers have failed to agree on a cut in oil production, a statement released after long negotiations on Saturday said no cuts. Talks dragged on Friday to try to reach an agreement on a massive drop in oil production,…
Read More...

For the oil producing countries in OPEC and also OPEC+, a high price for crude is absolutely essential in order to keep their economies buoyant in this time of coronavirus crisis. Finally it looks as if two of the largest producers…
Read More...