OPEC says IEA commentary on oil security encouraging
March 13, 2024 Oil producer group OPEC said on Wednesday it was encouraged by a commentary from the International Energy Agency (IEA) which underscores the importance of oil security, while…
Nigeria’s Crude Oil Production For February Drops By 7.94% – OPEC
March 13, 2024 The Organisation of Petroleum Exporting Countries(OPEC) said Nigeria’s crude oil production month-on-month dropped by 7.94% to 1.322 million barrels per day, bpd in February 2024, from 1.427…
Methane emissions from energy sector near record high in 2023 – IEA
March 13, 2024 Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking…
3 vessels to berth at Lagos ports
March 13, 2024 The Nigerian Ports Authority (NPA) says three ships are waiting to berth at the Lagos ports. NPA, in its ”Daily Shipping Position”, said the three vessels would…
Nigeria tasks ECOWAS on resolving issues inhibiting sub-regional trading in palm oil
March 13, 2024 Nigeria has called on palm oil producing countries of the Economic Community of West African States (ECOWAS) to work assiduously towards resolving their disagreements, which threaten sub-regional…
Sanwo-Olu performs groundbreaking of NXTRA by Airtel Data Centre
March 12, 2024 …Says committed to positioning Lagos as premier digital hub in Africa Lagos State Governor, Mr. Babajide Sanwo-Olu on Tuesday, said his government is committed to positioning Lagos…
Dangers of opaque loans tied to natural resources by Nigeria, others – AfDB chief
The head of the African Development Bank is calling for an end to loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones…
NUPRC not indicted in 2022 audit report – Management
The attention of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been drawn to a rather mischievous story with the headline “Audit report indicts NUPRC, Customs for non-remittance into Federation…
Budget: First time in over 20 years, Capital Expenditure exceeds Recurrent
We have observed that for the first time in over two decades, capital expenditure funds are higher than allocations to recurrent. By the nation’s annual budget precedence, this is remarkable…
OPEC, IEA at most divided on oil demand since at least 2008
March 11, 2024 Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of oil demand growth, are further apart than they have been for at…