Oil demand to slow by 3.7million bpd for rest of 2020
Oil demand for the rest this year may continue to fall by as much as 3.7 million barrels per day (Mb/d), Outlook released by global research body, Rystad Energy
Delta gets new modular refinery as FUPRE, oil firm sign MoU
If assurances from Onose Deep Oil and Gas Nigeria Limited were to be relied upon, a new modular refinery capable of producing 20,000 barrels per day for a start
Preserving forex reserves, raising local capacity through import substitution
For decades, successive governments in Nigerian resorted to protective measures, including import restrictions and exchange rate control, to manage its foreign exchange
FG urges closer interaction between oil companies, communities
The Federal Government has stressed the need for International Oil Companies operating in Niger Delta to have closer interactions with host communities.
Second wave of pandemic poses risks to oil rebound
As countries brace for a second wave of the coronavirus spread, analysts have warned that an unexpected hit to demand could derail oil prices, as producers are yet to reduce their stock builds
Criticisms persist over plan to hike electricity tariff
The shelved increase in electricity tariff in the country has continued to generate more reactions, as stakeholders, yesterday, demanded improved service delivery in the sector
Economy: Do not sidetrack the solution - Part 2
Pathetically, that call on federal authorities (to breach fiscal responsibility law) actually amounts to preaching to a dyed-in-the-wool violator of selected laws.
Concerns heighten over delayed PIB fiscal framework
Fresh concerns have arisen over the outlook of Nigeria’s oil and gas fiscal regime, as efforts intensify on the passage of the Petroleum Industry Bill