Valuechain - Nigeria's foremost Online Energy News Platform

Petrol is a very important and the most used commodity in every economy. Petrol is used by every industry. The prices of petrol varies from place to place but countries with large oil reserves offer cheaper petrol than countries which…
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Amid the coronavirus pandemic affecting Nigeria and all parts of the world, Nigerian house of Representative members just took delivery of the Toyota Camry 2020 version. On a closed door session on February 5, 2020, the Reps had…
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Today, three billion people around the world are confined. "As a result, there may well be a drop in demand this year of around 20 million barrels a day, according to some,” said Fatih Birol, during a conference call. Global oil demand…
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-By Said Abubakar In keeping with its promise to provide some palliative measures in support of businesses that might have been hit by the outbreak of the Coronavirus pandemic, the Central Bank of Nigeria (CBN) has released guidelines…
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The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) n Thursday said its preliminary findings show that Liquefied Petroleum Gas (LPG) (cooking gas) did not cause the Abule Ado explosions of March 15. It, however, said…
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In a bid to curb the spread of the coronavirus in Kaduna, the state government has announced a 24-hour curfew till further notice. Beginning midnight of Thursday, residents are ordered to stay inside their homes from dusk to dawn,…
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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…
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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…
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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…
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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…
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