OPEC
13 Sep
Oil cuts by Saudi Arabia and Russia will cause a "significant" global supply shortfall through the end of the year, raising the risk of further market volatility, the International Energy Agency said Wednesday. The warning in the IEA's monthly market report comes a day after oil prices jumped following OPEC's own update showed that the…
13 Sep
The Nigerian government might spend more to subsidise Premium Motor Spirit (PMS) as oil prices rose, yesterday, following predictions of tighter supply by the Organisation of Petroleum Exporting Countries (OPEC).
7 Sep
About $46 billion translating to N16.25 trillion was lost to crude oil theft between 2009 and 2020, Speaker of the House of Representatives, Tajudeen Abbas, said on Thursday. According to the speaker, the menace of crude oil theft has drastically hampered the growth of the country's oil production, with Nigeria losing between five to 30…
23 Aug
Despite the push from fossil fuel due to net-zero concerns, Organisation of Petroleum Exporting Countries (OPEC) has said demand for the products would continue to power the transportation sector.
23 Aug
A former Nigerian minister has been charged with bribery offences, following a National Crime Agency (NCA) investigation.
1 Aug
The difficult times that most Nigerians are going through as a result of removal of subsidy on petrol, and the attendant inflation thrown up, calls not only for understanding by all, but also sacrifice by both the leaders and the followers.
12 Jul
Federal Government, Nigerian National Petroleum Company Limited and others stakeholders in Abuja, yesterday, kicked back against push by Western countries for adoption of cleaner energy and end to fossil fuel.
4 Jul
The latest revenues fact sheet of the Organisation of Petroleum Exporting Countries (OPEC), which revealed the figure, also projected that the country’s earnings would increase to about $29 billion in the same period 2024.
21 Jun
A shocking headline in an online publication: “Naira slumps to N700/dollar as CBN floats currency, stops fixing exchange rates,” stirred my worry and alarm to pen this piece.
14 Jun
Nigeria’s oil production edged slightly, last month, to regain its leading position in Africa, while, yesterday, the Organisation of Petroleum Exporting Countries (OPEC) pegged the country’s oil production in May at 1.2 million barrels.
4 Jun
There are growing signs that major oil producers led by Saudi Arabia and Russia are considering slashing production further when they meet on Sunday in a bid to prop up prices.
Latest
1 day ago
NEW YORK, 22 September 2023 -/African Media Agency(AMA)/- African Union Heads of State and Government, global health leaders and development partners today issued a joint call for urgent action to address the looming malaria emergency. They warned that failure to act now will put at risk both the African Union’s target of eliminating malaria in Africa…
1 day ago
Phrank Shaibu, the Special Assistant on Public Communication to former Nigerian Vice President Atiku Abubakar, has unveiled what he described as "the 10 big lies" that have so far characterized the administration of President Bola Tinubu. Shaibu, in a statement issued on Sunday, said the “big lies” were evidence that Tinubu’s only plan was to…
1 day ago
It is no news that social media directly affects our state of mind. Vinton Cerf and Robert Khan who are credited with inventing the Internet probably never considered the psychological impact of their invention. Martin Cooper, who developed the first hand-held phone, also played a part in this by making phones portable, so that we…
1 day ago
Son Heung-min's double earned Tottenham a point from a pulsating 2-2 draw against Arsenal, as Liverpool moved into second in the Premier League with a 3-1 win over West Ham on Sunday.