Valuechain - Nigeria's foremost Online Energy News Platform

Leading world crude exporter Saudi Arabia on Thursday made a surprise call for a meeting of the OPEC+ oil producers to "stabilize the oil market" amid a price war. "The kingdom calls for an urgent meeting of OPEC+ and a group of other…
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The Nigerian National Petroleum Corporation (NNPC) thursday called on Nigerian governors to aid the movement of petrol tankers in their domains to avoid a disruption in the supply of the product across the country. This is coming as the…
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...Saudi/Russia may cut production, end price war    ...Saudi calls emergency OPEC+ meeting Oil prices jumped on Thursday after United States President Donald Trump said he expected Saudi Arabia and Russia would agree to capping oil…
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Nigerian banks’ credit profiles face severe risks resulting from the slump in oil price as well as the disruptions in operating environment due to the Coronavirus (COVID-19) pandemic, Fitch Ratings has said. The global fiscal and…
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The Oil Age has powered the world for well over a century. There have been two general schools of thought about how it will ultimately end. There were those who believed that oil production would peak and begin to decline in…
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The Delta chapter of Independent Petroleum Marketers Association of Nigeria (IPMAN), has urged the Federal government to reduce the price of Automated Gasoline Oil (AGO) and kerosene inline with current realities. The state IPMAN…
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The management of the Nigerian National Petroleum Corporation (NNPC) has commended the Governor Nyesom Wike of Rivers State for his timely intervention which has resulted in the smooth distribution of petroleum products to Rivers State…
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The Organization of the Petroleum Exporting Countries' (OPEC) daily basket oil price dropped to $16.87 on April 1st from $22.61 the previous day, Reuters reported on Thursday. According to Reuters, the basket includes Algeria's…
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The Tansmission Company of Nigeria (TCN) has applauded the Group Managing Director(GMD) of the Nigerian National Petroleum Corporation(NNPC), Mele Kyari, for the efforts put in place by the management of the oil firm to resolve the issue…
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…Games delayed until next Summer -By Saidu Abubakar with Agency Reports The Tokyo Olympics has been postponed until next summer due to the coronavirus pandemic. Organisers confirmed that the 2020 Games will not go ahead this year…
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