Oil price rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and recovery from the coronavirus pandemic will spur fuel demand. According to the report by Reuters, Brent crude futures for August rose 43 cents, or…
The Honorable Minister of State for Petroleum Resources, H.E. Timipre Marlin Sylva has expressed his appreciation to the Government of Saudi Arabia over its recent voluntary reduction in its crude oil production. The Saudi Government has in recent weeks announced over a million barrels per day reduction in its crude…
Mr Sarki Auwalu, the Director, Petroleum Resources, Department of Petroleum Resources (DPR) says the downstream oil sector will in the next few years witness changes with the government’s commitment to driving business. Awalu disclosed this at the ongoing Nigeria International Petroleum Summit in Abuja, on Wednesday. He spoke as the…