Energy
Marketers resort to private depots, shortage hits NNPC
The Independent Petroleum Marketers Association of Nigeria has disassociated itself from the current scarcity of the Premium Motor Spirit, also...
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NNPC, Chevron JV to drill 37 wells with $1.4bn
Hopes for renewed oil investment which has been on the decline for some years may have been rekindled again with the...
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Depots sell N220/litre, marketers project N350/litre pump price
The pump price of Premium Motor Spirit, popularly called petrol, could hit N400/litre at most filling stations before the end...
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Oil up as U.S. crude stocks seen falling, OPEC+ concerns limit gains
Oil prices rose in early Asian trade on Wednesday as U.S. crude inventories were seen falling, but concerns that OPEC+...
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Oil drops more than $1 as China’s COVID protests fuel demand worries
Oil futures fell more than $1 early on Monday as protests in top importer China over strict COVID-19 curbs fuelled...
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NNPC meets marketers as petrol scarcity bites harder
The scarcity of the premium motor spirit, popularly called petrol, has continued to spread across many states, resurfacing in Abuja...
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Oil drops as Russian price cap proposal eases tight supply fears
Oil trickled down on Thursday, hovering around two-month lows, as the proposed price cap on Russian oil from Group of...
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OPEC: Dangote’s 650,000bpd Facility to Account for More Than Half of 1.2m bpd Expected Africa’s Refining
The Organisation of Petroleum Exporting Countries (OPEC) has said the much-awaited Dangote Refinery’s refining capacity would account for more than...
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PMI drops marginally by 0.1 points to 53.6 points
The Purchasing Managers Index, PMI, which gauges the level of activities in the real sector, has dropped marginally by 0.1...
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Marketers protest N185/litre fuel, threaten strike
The Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price...
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