Oil & Gas
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Oil Prices inch Up to US$100 a Barrel, Hit US$87
The combination of existing imbalances and the recent expected disruption is looking to tighten the market further, steadily pushing oil…
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Dangote Oil Refinery to Begin Production before Q3, 2022
Africa’s richest man, Aliko Dangote, said mechanical work on his much-awaited crude oil refinery located at the Lekki Free Zone,…
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Nigeria Loses $32.9m per day in December from Oil Production
The latest Organization of the Petroleum Exporting Countries (OPEC’s) Monthly Oil Market Report (MOMR) released on Tuesday, shows that Nigeria’s…
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PIA Provides Enormous Business Opportunities for NNPC Ltd, Says Kyari
As the Federal Government commenced full implementation of the Petroleum Industry Act (PIA) in earnest, the new legislation has been…
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China’s Attempt to Kill the Oil Rally is Bound to Fail- Analysts
Oil and Gas analysts and market observers have ruled out the possibility of any negative impact of the recent an…
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NNPC Rakes in N203bn from Petroleum Products Sale in July 2021
As Gas Production Goes up 4% A total sum of ₦203.73billion was made on the sale of white products in…
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NNPC Records ₦141.96bn Trading Surplus
The Nigerian National Petroleum Company (NNPC) Limited has announced a huge leap in trading surplus of ₦141.96billion recorded in June…
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OPECplus Under Pressure as Oil Prices Plunge Again –
Oil prices witnessed their biggest day-on-day loss in 18 months last Friday, with WTI falling a whopping $10.2 per barrel…
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Global Energy Crunch: A Perfect Storm
Oil prices have surged beyond the $80pb ceiling (a 7-year high) on rising energy demand in response to the post-pandemic…
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US Shale is Finally Ready to Open the Taps –
Oil prices are on course to post a weekly loss despite OPEC+ refusing to increase production. A combination of U.S.…
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