“But it is an unfounded fear. The days of oil are numbered. It is the least strategic wealth we have now. Many countries have found oil in large quantities, including those that used to patronise us for oil. Importantly, many nations are already phasing out petrol and diesel engines.”
It was observed that some filling stations the Federal Capital Territory, Abuja, and its environs, were shut on Sunday, while the few that sold petrol had very long queues that spilled onto the roads.
17 December 2017, News Wires – Operating costs in the UK Continental Shelf (UKCS) dropped by 14 percent in 2016,…
17 December 2017, News Wires – Aker BP ASA has submitted development plans for the Ærfugl (formerly Snadd), Valhall Flank…
17 December 2017, Caracas/Houston — Decisions at some joint ventures with foreign firms are delayed. A growing number of oil…
17 December 2017, Cairo — Saudi Aramco, the world’s largest oil producer, has supplied 1 million barrels of crude oil…
16 December 2017, London — Nigeria’s projected growth in refining capacity over the early 2020s will ‘substantially’ erode the country’s…
“NNPC warns marketers across the country to desist from acts that may heighten supply gaps noticeable in some remaining parts of the country. Security agencies have been detailed to go on the trail of any marketer who may be hoarding products.”
Mkpoikana Udoma 16 December 2017, Sweetcrude, Port Harcourt — The Nigerian Security and Civil Defence Corps, NSCDC, says that it…
*Equivalent of 32 million barrels traded since last Friday *Spate of similar bullish bets seen over the last two months…
