Oil

Africa Countries Turns To Dangote Refinery South Africa and several other African nations are exploring a fuel supply deal with the Dangote Refinery as global energy pressures continue to disrupt supply chains. The move reflects…
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The Nigerian National Petroleum Company Limited has confirmed it will not sell the Port Harcourt Refinery, ending speculation that followed earlier comments suggesting a possible change in the refinery’s future. This announcement was…
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The Nigerian National Petroleum Corporation on Friday announced the discovery of hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North-Eastern part of the country. Recall that drilling…
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Asked if the US was preparing for military action, he said: “I’m somebody that would like not to have war. No, I don’t want war with anybody but we’re prepared more than anybody.”
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The pre-dawn strikes, which happened on Saturday, knocked out more than half of crude output from the world's top exporter – five per cent of the global oil supply – and cut output by 5.7 million barrels per day.
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Oil marketers told our correspondent that the landing cost of petrol in Q2 2019 was between N170 and N200 per litre, as they explained that the fluctuation was due to the changes in global crude oil prices.
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Kayode Fayemi, chairman of the Nigeria Governors’ Forum (NGF), made the demand when he led a delegation to Mele Kyari, the new group managing director of the corporation.
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Mr. Mele Kolo Kyari who hails from Borno State, North-East Nigeria will take over from Dr. Maikanti Baru.
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Brent futures fell 25 cents, or 0.4 per cent, to 61.76 dollar a barrel by 0750 GMT, having gained 1.1 per cent on Friday.
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In the light of the above injustices, we therefore use this medium to warn and order all the multinational oil companies operating in the Niger Delta to shut down their operation and vacate the region from May 29, 2019 to avoid avoidable…
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