Petrol To Now Sell For N170 Per Litre- IPMAN Tells Members
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday directed its members in Kano state to sell premium motor spirit (petrol) for N170 per...
Tag : #OPEC
Oil Prices Steady As Storms Close In On Gulf Of Mexico
Crude oil prices remained steady, on Monday, as storms closed in on the Gulf of Mexico, shutting more than half the region’s oil production. Although,...
Royal Dutch Shell Reportedly Cut Down Assets Value By $22bn
Royal Dutch Shell is writing down the value of its assets by as much as $22 billion as lower oil prices push the Anglo-Dutch company...
Oil Price Jumps To $42 After Massive Production Cuts By OPEC
Price of oil went up on Monday after OPEC implemented a massive production cut deal and as China’s crude imports hit an all-time high in...
OPEC Mourns Former NNPC GMD, Dr Baru
The Organisation of Petroleum Exporting Countries (OPEC), has expressed its sadness on the news of the death of former NNPC GMD, Dr Maikanti Baru. The...
Oil Prices Fall As U.S. Fuel Demand Remains Weak
Oil prices edged lower on Friday after the U.S. inventory data showed lacklustre fuel demand in the world’s largest oil consumer while worsening U.S.-China tensions...
Production Cut: Sylva Expresses Appreciation To Saudi Arabia
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...
US Oil Prices Crashes, Ends Negative For The First Time In History
US oil prices have crashed on Monday 20th April 2020, to a record low, as demand continues to plummet over the continued and compulsory stay...
OPEC-Russia Meeting To Discuss Oil Market Crisis Postponed
The OPEC and Russia meeting scheduled for Monday 6th April 2020 to discuss supply cut and the oil market crisis, has been moved to 9th...
FG Announces A Further Reduction In Pump Price Of PMS To N123
The Federal Government has announced a further reduction in the pump price of the Premium Motor Spirit (PMS) to N123.50 per litre, as the international...
NNPC Assures Nigerians Of More Than 60-days Fuel Sufficiency
Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of a 60-day fuel sufficiency as the country battles the coronavirus epidemic, where the corporation urged Nigerians...
FG Slashes The Pump Price For Petrol To N125 Per Litre
The Federal Government of Nigeria on Wednesday 18th March 2020, announced the reduction in the pump price of Petrol to N125 per litre. This new...
Crude Oil Prices Plunge To $26 Per Barrel
Oil prices have again plunged further, as it sells for as low as $26 a barrel for the first time in almost 18 years. This...
Crude Prices: UAE To Join Saudi Move To Flood The Market
The United Arab Emirates (UAE) is reported to be backing the move by Saudi Arabia to flood the market with product, as the price war...
Oil Price Jumps To $38 Per Barrel As Russia Eyes OPEC Meeting
The world over the weekend, woke up to witness one of the biggest fall in the international crude oil price in nearly 30 years, as...
Oil Price Drops To $30 As Saudi Arabia Launches Price War
The international crude oil price has crashed to more than 34%, lowest in four years, to sell for $27.34 a barrel, as Saudi Arabia takes...