[Vanguard] At the backdrop of the lingering scarcity of petroleum products, the retail price of diesel rose sharply Year-on-Year, YoY, by 168.26 per cent to N836.91 per liter in February 2023 from N311.98 per litre.
Author Archive for: AllAfrica News: Petroleum
Entries by AllAfrica News: Petroleum
[Leadership] The Nigerian National Petroleum Company Limited, (NNPCL) has announced the appointment of former Vice President of Abu Dhabi National Oil Company, ADNOC, Jean-Marc Cordier as Head of its oil trading arm, NNPC Trading Ltd.
[This Day] Shell reported a sharp fall in oil spilled as a result of sabotage in Nigeria's oil-rich Delta in 2022 reflecting closure of operations for six months in the wake of attacks.
[This Day] Heavy flooding, upstream gas supply issues and pipeline vandalism have left the six-train Nigeria LNG (NLNG) facility on Bonny Island producing far below capacity since last year, with the trend largely continuing in 2023, a Natural Gas Inte...
[This Day] Oil prices steadied at the weekend after dropping to near 15-month lows earlier in the session, supported by reports that top producers Saudi Arabia and Russia met to discuss ways to enhance market stability.
[This Day] Despite adding about 48,000 barrels per day in February, Nigeria's oil rigs count stagnated at 13 during the month, THISDAY analysis of the latest data released by the Organisation of Petroleum Exporting Countries (OPEC) has revealed.
[Ghanaian Times] Some Oil Marketing Companies (OMCs) have started reducing the prices of petroleum products at the pumps.
[Premium Times] The force majeure was declared on March 3, 2022
[African Arguments] Though the legal claim against TotalEnergies was dismissed on technicalities, it set some bold precedents.
[Vanguard] .As OPEC, IEA present positive outlooks
