Valuechain - Nigeria's foremost Online Energy News Platform

The Nigeria National Petroleum Corporation (NNPC) said it would continue oil production despite the fall in price. The explanation came on the heels of the speculation that Nigeria had halted the production of the commodity which prices…
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Nigeria: OPEC - Oil Prices Lost Two-Third of Value in First Quarter of 2020 The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that up to two-third of the value of oil prices were wiped out by the novel Covid-19 in…
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The slump in the U.S. crude oil futures below $0 per barrel is not a reflection of the reality in the global oil market capable of impacting Nigeria's oil production, the Group Managing Director of the Nigerian National Petroleum…
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A man in his 30s who works at the committee's headquarters had tested positive on Tuesday The Tokyo 2020 Olympics and Paralympics Organising Committee said on Wednesday a member of the organisation has tested positive for the new…
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Some OPEC ministers had a conference call on Tuesday to discuss the oil price rout and possible extra measures to support the market but it took place without the core Gulf nations, highlighting a growing split inside the organisation. …
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New wells don’t lose pressure when valves are closed: AMLOMexico’s spot price for Maya crude was negative on Monday With crude prices collapsing, Mexico’s president says his country will shut down new wells in a move that comes just…
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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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