26 May 2017, London — Oil prices edged back up on Friday after a 5 percent fall in the previous…
Browsing: Oil
Most OPEC ministers, delegates and the market see a nine-month extension, instead of the initially suggested six months, as the base-case scenario but some countries including Russia have suggested an unusually long duration of 12 months.
Mr. Adeniran lamented that there had been low investments in research and development in Sub – Sahara Africa, necessitating the corporation’s commitment to key in so as to maximise available opportunities in the sub-sector.
26 May 2017, Sweetcrude, Lagos — The Nigerian Senate has finally passed the Petroleum Industry Bill, PIB, now rechristened Petroleum…
Mkpoikana Udoma 25 May 2017, Sweetcrude, Port Harcourt – A call has been made to oil workers under the aegis…
25 May 2017, Sweetcrude, Lagos – Africa’s third-biggest oil producer, Equatorial Guinea, has been accepted as a new member of…
25 May 2017, Sweetcrude, Lagos – Nigeria’s daily oil output still hovers around 1.5 million barrels, Minister of State for…
25 May 2017, Vienna, Austria — Africa’s third-biggest oil producer, Equatorial Guinea, has been accepted as a new member of…
25 May 2017, Vienna, Austria — OPEC decided on Thursday to extend cuts in oil output by nine months to…
“The action of the respondent is sabotage of NNPC’s activities as it relates to distribution of petroleum products. If not for the urgent steps taken by the Federal Government, the action of the respondent would have plunged the country into widespread scarcity with its attendant effect on the economy.”
