Tuesday, December 5, 2023
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Crude Oil Prices Rises Ahead Of OPEC+ Resolves

CHEMICAL & PETRO-CHEMICAL
As the Organization of Petroleum Exporting Countries and Friends (OPEC+) decides on output for 2024, the price of crude oil is rising globally. Expectations are...

Gas Production Decline Admist FG’s N250bn Intervention Fund

[ MAIN ]
Natural gas production decreased last year even though fifteen businesses received a N250 billion intervention money. The Energy Institute and KPMG together released an...

Brent crude Surges to $83 Ahead of OPEC Meeting

OIL & GAS
Brent crude surged to $83 per barrel in anticipation of the Organization of Petroleum Exporting Countries (OPEC) meeting scheduled for today. As of 7:47 AM...

Gas Production Declines Despite FG’s N250billion Intervention Fund

COVER
Gas production experienced a decline in the past year, despite the Federal Government's injection of a N250 billion intervention fund into fifteen companies. According to...

Equinor Sells Nigerian Business To Chappal Energies  

BUSINESS & ECONOMY
Equinor sells its Nigerian business, including its share in the Agbami oil field, to Nigerian-owned Chappal Energies.     Equinor and Chappal Energies have entered into an...

Crude Oil Prices Get Backs Ahead Of OPEC+ Meeting

[ MAIN ]
Prior to the rescheduled meeting of the Organization of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) for November 30, petroleum prices throughout the...

Diesel Prices Reduces to N978 per Liter

COVER
As the holiday season approaches, diesel prices in Nigeria have experienced a significant decline, reaching N978 per liter as of Tuesday, November 28, according...

Nigeria, Angola Resist OPEC’s Proposal for Oil Quota Reduction

COVER
Nigeria and Angola have expressed their opposition to a reduction in their crude oil production quotas proposed by the Organization of the Petroleum Exporting...

Tinubu Reappoints Kyari As GCEO Of NNPCL

[ MAIN ]
The Nigerian National Petroleum Company Limited (NNPCL) has a new Board and Management team as of December 1st, according to President Bola Tinubu's approval. This...

FG to Supply 5 Billion Cubic Feet of Gas to Domestic, Export Markets

COVER
The Nigerian Federal Government has affirmed its commitment to providing a daily supply of 5 billion cubic feet of gas to both domestic and...

Crude Oil Prices Drop Below $80 Amidst Various Doubt

[ MAIN ]
As members of the Organization of the Petroleum Exporting Countries (OPEC) and allies (OPEC+) got ready for a meeting later this week, oil prices...

Dangote Refinery Starts Production With 350,000bpd

CHEMICAL & PETRO-CHEMICAL
Founder Aliko Dangote said that the much-awaited project would start with 350,000 barrels per day next month, but in the meanwhile, Dangote Refinery has...
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