Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts.
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Oil slips to $71, hit by talk of higher OPEC+ production - Vanguard NewsOil slips to $71, hit by talk of higher OPEC+ production vanguardngr.com vanguardnews
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Oil rises above $71 on tight supply - The Nation NigeriaOil prices raced on Wednesday to five-month highs hit the previous day as the Organisation of Petroleum Exporting Countries (OPEC)
Source: TheNationNews - 🏆 6. / 69 Read more »
Oil edges up amid tightening supply, economic slowdown weighs – Daily TrustOil prices inched up on Wednesday amid supply cuts by producer group, OPEC, and U.S. sanctions on oil exporters, Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption. International benchmark Brent futures were at 70.76 dollars per barrel at 0652 GMT, up 15 cents, or 0.2 per cent, …
Source: Daily Trust - 🏆 13. / 51 Read more »
Gold near 1-week high as dollar loses ground, oil rallies – Daily TrustGold prices rose on Tuesday and were hovering close to their highest in more than a week touched in the previous session as the dollar eased on weak U.S. economic data, with the metal gaining further support from higher oil prices. Spot gold was up 0.3 per cent at 1,300.47 dollar per ounce, as of …
Source: Daily Trust - 🏆 13. / 51 Read more »
Senate assures AGIP of commitment on $13.5bn oil project – Daily TrustThe Senate Committee on Local Content has assured Nigerian Agip Oil Company (NOAC) and other stakeholders of its support. The committee also expressed its commitment for the commencement of the 13.5 billion dollar off -shore Zabazaba Crude Oil Production project.ADVERTISEMENT The Chairman of the committee, Sen. Solomon Adeola, gave the assurance in a statement by …
Source: Daily Trust - 🏆 13. / 51 Read more »
Adulterated engine oil lands MD in trouble – Daily TrustJustice Saliu Saidu of the Federal High Court, Ikoyi, Lagos, has fixed the trial of a businessman, Cajetan Chike Muonagolu, who the Standard Organisation of Nigeria (SON) charged to court with allegedly dealing in adulterated engine oil, for May 20, 2019. Cajetan and his company, Richbon Nigeria Limited, of Plot 242, Oshodi-Apapa expressway, Odolowu bus …
Source: Daily Trust - 🏆 13. / 51 Read more »
Crude oil drilling in the North will boost Nigeria’s reserves – Fawibe – Daily TrustDr Diran Fawibe is the Chief Executive Officer, International Energy Services (IES). In this interview, Fawibe explains why crude oil drilling in the North is necessary; why it has been difficult for promoters of modular refineries to see their dream come true; the need for the Federal Government to expedite action on the Petroleum Industry … Why is it that this country like waste so much. They are wasting money searching for oil in d north while d one in d south is not well protected. The world is planning to stop d use of feluel driving car and we are serious searching oil. Jelousy of d north for d south. Shame You have been drilling for the past 20 year not even a bucket oul has been found in the North, continue to waste our resources on frivolity Una don found crude oil there? Or, una still dey look for the crude. Good luck!
Source: Daily Trust - 🏆 13. / 51 Read more »
Contracting cycle in oil sector now nine months – NNPC – Daily TrustThe Nigerian National Petroleum Corporation (NNPC) has successfully fast-tracked contracting cycle for upstream operations from 24 months to 9 months with a strong commitment to further reduce the process to less than six months.
Source: Daily Trust - 🏆 13. / 51 Read more »
Contracting cycle in oil sector now nine months, says NNPC – Daily TrustThe Nigerian National Petroleum Corporation (NNPC) has pegged contracting cycle for upstream operations from 24 months to 9 months with a strong commitment to further reduce the process to less than six months. The Group Managing of the NNPC, Dr. Maikanti Baru, announced this in a presentation at the 12th Annual International Conference of the … H
Source: Daily Trust - 🏆 13. / 51 Read more »
NECA to FG: Remove oil subsidy, manage debt profile – Daily TrustThe Nigeria Employers’ Consultative Association (NECA) has called for the deregulation of the downstream sector of the oil and gas industry to boost the economy. The Director General of NECA, Mr. Timothy Olawale, at a stakeholders’ meeting of manufacturers on Monday in Lagos, said except fuel subsidy was removed, Nigerians would continue to suffer intermittent …
Source: Daily Trust - 🏆 13. / 51 Read more »