VANGUARD NEWS YOU claimed during the 2015 election campaign that you do not understand why we are talking about fuel subsidy; today you have been in government for over six years and subsidy cost has escalated under your regime. Who…
VANGUARD Ijaw youths, under the aegis of Ijaw Youth Council, IYC, have described the allocation of three and five percents, respectively as an equity stake in the Host Community Trust Fund by the Senate and House of Representatives in the…
PREMIUM TIMES Royal Dutch Shell will offload the last of its Nigerian assets in a move to rein back risks including sabotage attacks, crude thefts and litigations with host communities linked to operating in the turbulent investment climate of Africa’s…
INDEPENDENT The Organisation of the Petroleum Exporting Countries (OPEC) daily basket price stood at 14.63 U.S. dollars a barrel on Tuesday, compared with 14.19 dollars on Monday. This is according to OPEC Secretariat calculations released on Wednesday. Also known as…
PREMIUM TIMES 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…
VANGUARD NEWS Global energy data, financial information and analytics company, S&P Global Platts, disclosed that more than 50 million barrels of Nigerian crude oil for late April and May 2020 loading are still unsold, while the overhang is forcing down…
PUNCH NEWS Brent crude, the commodity against which Nigeria’s oil is priced, dropped in price on Sunday despite the meeting of the Organisation of Petroleum Exporting Countries, Russia and other oil producing nations. Our correspondent observed that Brent crude dropped…
THE NATION THE Organisation of Petroleum Exporting Countries (OPEC) and its allies, including Russia, rose at the Ninth Extraordinary OPEC and Non-OPEC Ministerial meeting on Thursday with an agreement to cut oil production by 10 million barrels per day (bpd)…
THE GUARDIAN Nigeria’s vulnerable economy may face further challenges following plans by the Organization of Petroleum Exporting Countries (OPEC) to reduce crude oil output by about 2.7 million barrel per day (bpd) in an attempt to save the market from…
THE GUARDIAN Uncertainties linger as oil prices hover below budget benchmark There are indications that Organisation of Petroleum Exporting Countries (OPEC), and its allies, especially Russia, will further cut oil supply by 500,000 barrels per day (bpd), a situation that…