Valuechain - Nigeria's foremost Online Energy News Platform

A large overhang of April-loading west African crude was depleting slowly on Wednesday owing to some Chinese spot purchases but refiners continued to eschew light grades with high gasoline and jet fuel yields. Nigerian firms were…
Read More...

The Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN), yesterday demanded compensation from the Federal Government to its members across the country for losing over N10 billion following the slash on fuel pump price…
Read More...

Refining operations in Europe and elsewhere in the world are being curtailed as gasoline and jet fuel demand is falling off a cliff due to the enormous demand destruction in the spreading coronavirus pandemic. In Europe, oil majors are…
Read More...

Private fuel marketers are yet to reduce the pump price of Premium Motor Spirit (PMS) also called petrol several days after government ordered, while retail stations belonging to the Nigerian National Petroleum Corporation (NNPC) have…
Read More...

Professor Wumi Iledare, former President, National Association of Energy Economics (NAEE), said the global oil price slump was an opportunity for Federal Government to exit the under recovery and over recovery challenges in the petroleum…
Read More...

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Kano chapter, has assured the people of sustained supply and distribution of petroleum products, as the country battles coronavirus pandemic. The Chairman of IPMAN in…
Read More...

Scores of Ijaw Youths under the aegis of the Ijaw Youth Council (IYC) Central Zone led by its Chairman, Kennedy Olorogun on Thursday sealed up seven filling stations over failure to adhere with the price regime of N125 per liter for PMS. …
Read More...

Some marketers on Thursday expressed concern over the shutdown of all loading depots of the Pipelines Products Marketing Company (PPMC) in the South West due to activities of vandals. The marketers, who spoke to the News Agency of…
Read More...

Oil prices extendedgains fora thirdsession yesterday rising alongside broader financial markets on the hope that Washington will soon approve a massive aid package to stem the economic impact of the coronavirus pandemic.  U.S. crude…
Read More...

The Department of Petroleum Resources has said licence renewal for filling stations, gas plants and jetties will henceforth be based on proof that personnel in the stations have been subjected to safety training. The DPR’s Chief…
Read More...