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Sylva: FG to sanction depot owners selling beyond approved ex-depot price

Posted by 1st news
|Date: March 17, 2022
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Sylva: FG to sanction depot owners selling beyond approved ex-depot price

The Minister of State, Petroleum Resources, Chief Timipre Sylva, has disclosed that the Federal Governmen ...

The Minister of State, Petroleum Resources, Chief Timipre Sylva, has disclosed that the Federal Government will deal decisively and sanction any Depot Owner caught selling petroleum products beyond th ...

March 17, 2022
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Elumelu bemoans appalling economic situation in lengthy Twitter rant

Posted by 1st news
|Date: March 17, 2022
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Elumelu bemoans appalling economic situation in lengthy Twitter rant

Renowned businessman and CEO of Heirs Holdings, Tony Elumelu, on Thursday, March 17, bemoaned the poor ec ...

Renowned businessman and CEO of Heirs Holdings, Tony Elumelu, on Thursday, March 17, bemoaned the poor economic situation of the country. Elumelu made this assertion through a Twitter thread He questi ...

March 17, 2022
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Sylva: Nigeria currently has 1.9bn litres of petrol, enough to last for 32 days

Posted by 1st news
|Date: March 09, 2022
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Sylva: Nigeria currently has 1.9bn litres of petrol, enough to last for 32 days

Minister of State for Petroleum Resources, Mr Timipre Sylva, on Wednesday, March 9, in Abuja updated the ...

Minister of State for Petroleum Resources, Mr Timipre Sylva, on Wednesday, March 9, in Abuja updated the Federal Executive Council (FEC) on the availability of 1.9 billion litres of petrol. He said th ...

March 09, 2022
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US to decide on global release of crude oil

Posted by Jonathan Jackson
|Date: March 01, 2022
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US to decide on global release of crude oil

The US is closing in on deciding whether it will join a global release of up to 60 million barrels of cru ...

The US is closing in on deciding whether it will join a global release of up to 60 million barrels of crude oil, including from the Strategic Petroleum Reserve, as President Joe Biden seeks to dampen ...

March 01, 2022
| by Jonathan Jackson

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White House welcomes OPEC+ decision to stick to planned output increase

Posted by Lilian Osigwe
|Date: January 05, 2022
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White House welcomes OPEC+ decision to stick to planned output increase

WHITE HOUSE: The White House on Tuesday welcomed a decision by top oil producers to stick with their plan ...

WHITE HOUSE: The White House on Tuesday welcomed a decision by top oil producers to stick with their plans to raise crude production and touted "close" coordination with Saudi Arabia and the United Ar ...

January 05, 2022
| by Lilian Osigwe

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OPEC: Nigeria regains top crude oil production spot in Africa

Posted by 1st news
|Date: December 14, 2021
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OPEC: Nigeria regains top crude oil production spot in Africa

The Organisation of the Petroleum Exporting Countries (OPEC) has stated that Nigeria has regained the top ...

The Organisation of the Petroleum Exporting Countries (OPEC) has stated that Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production aver ...

December 14, 2021
| by 1st news

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OPEC expects increase in global oil demand in 2021 amid world’s post-pandemic recovery

Posted by Lilian Osigwe
|Date: June 30, 2021
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OPEC expects increase in global oil demand in 2021 amid world’s post-pandemic recovery

The technical committee of the Organization of the Petroleum Exporting Countries (OPEC); has confi ...

The technical committee of the Organization of the Petroleum Exporting Countries (OPEC); has confirmed its previous outlook concerning the growth in global demand for oil; according to the OPEC ...

June 30, 2021
| by Lilian Osigwe

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OPEC, Allies agree to boost output, betting on demand rebound

Posted by Lilian Osigwe
|Date: April 02, 2021
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OPEC, Allies agree to boost output, betting on demand rebound

OPEC and an alliance of other top oil producers agreed to boost their collective production ...

OPEC and an alliance of other top oil producers agreed to boost their collective production by more than two million barrels a day over coming months; betting on resurgent demand as they ...

April 02, 2021
| by Lilian Osigwe

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OPEC commends Nigeria on compensation conformity regarding oil production

Posted by 1st news
|Date: March 05, 2021
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OPEC commends Nigeria on compensation conformity regarding oil production

The Organisation of Petroleum Exporting Countries (OPEC) has commended Nigeria for achieving full conform ...

The Organisation of Petroleum Exporting Countries (OPEC) has commended Nigeria for achieving full conformity in January 2021 and compensating its entire overproduced volumes. The organisation gave the ...

March 05, 2021
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OPEC reveals Nigerian crude oil export earnings rebounded by 116% in November

Posted by Mayowa Oladeji
|Date: December 09, 2020
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OPEC reveals Nigerian crude oil export earnings rebounded by 116% in November

The Organisation of Petroleum Exporting Countries (OPEC), says the Nigerian Crude oil export earnings reb ...

The Organisation of Petroleum Exporting Countries (OPEC), says the Nigerian Crude oil export earnings rebounded by 116 per cent in November against 77 per cent in April 2020. The OPEC Secretary-Genera ...

December 09, 2020
| by Mayowa Oladeji

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