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Moves To Reduce The Shock Of Fuel Price Hike On Nigerians Says Plan Will Be Unveiled Next Month Targets FDI, Donor Agencies Makes Case For Eco-friendly Energy Sources The federal government is set to reduce the consumption of Premium Motor Spirit--PMS (petrol) in the country by rolling out a mass conversion plan that would see…
September 14, 2020
By Tsvetana Paraskova OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019, cutting forecasts for the second month in a row as risks with the pandemic and economic activity remains skewed to the downside. In its Monthly Oil Market…
September 14, 2020
By Yousef Alshammari Despite a moderate price rebound on Wednesday, oil markets have been under significant pressure since last week. ]Brent prices closed the week at $42.66, down by 6.88% w/w, while WTI closed at $39.77, down by 7.45% w/w, the largest weekly drop since June. The production recovery in the Gulf of Mexico, which was hit by hurricane…
September 10, 2020
The National Oil Spills Detection and Response Agency (NOSDRA), on Monday confirmed that 45 barrels and not 45, 000 barrels of crude oil leaked from a well head in Bayelsa on March 17. The News Agency of Nigeria (NAN) reports that the incident occurred on a well head owned by Shell at Angiama community. NOSDRA…
September 7, 2020
Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July. The drop is coming after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as optimism about demand recovery cooled amid the coronavirus pandemic. Brent crude was at $41.75 a barrel, down 91 cents…
September 7, 2020
*Says FG No Longer Fixing The Pump Price Of Petroleum Products By Hamilton Nwosa(The New Diplomat's Head Polling, Research and data desk) The Minister of State for Petroleum Resources, and former governor of Bayelsa state,Chief Timipre Sylva has reiterated that the federal government is no longer fixing the pump price of petroleum products in the…
September 4, 2020
...Divides Stakeholders Scrapping PAP 'will wake up sleeping lion', Edwin Clark, PANDEF War Ex-militants, Others React From Joseph Obukata (The New Diplomat's N'Delta correspondent) Leaked reports alleging that a presidential committee set up to appraise the activities of the Presidential Amnesty Programme (PAP) may have recommended the scrapping of the programme this year have generated…
August 18, 2020
President Muhammadu Buhari has virtually commissioned the 17-storey Nigerian Content Tower of the Nigerian Content Development Development and Monitoring Board (NCDB) in Elebele, Yenagoa, Thursday. The edifice touted to be the tallest building in the entire South-South and Southeast parts of the country was designed and completed by local contractors and manpowers. Read also: Ex-SGF…
August 13, 2020
Ahead of the Organization of Petroleum Exporting Countries and non-member countries known as OPEC+ Technical Monitoring Committee Meeting next week, there is a palpable tension that the landmark oil cut deal agreed to might be truncated by Iraq’s repeated noncompliance. This noncompliance is expected to in turn curtail the slight recovery oil prices have been…
August 11, 2020
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Moves To Reduce The Shock Of Fuel Price Hike On Nigerians Says Plan Will Be Unveiled Next Month Targets FDI, Donor Agencies Makes Case For Eco-friendly Energy Sources The federal government is set to reduce the consumption of Premium Motor Spirit--PMS (petrol) in the country by rolling out a mass conversion plan that would see…
September 14, 2020
By Tsvetana Paraskova OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019, cutting forecasts for the second month in a row as risks with the pandemic and economic activity remains skewed to the downside. In its Monthly Oil Market…
September 14, 2020
By Yousef Alshammari Despite a moderate price rebound on Wednesday, oil markets have been under significant pressure since last week. ]Brent prices closed the week at $42.66, down by 6.88% w/w, while WTI closed at $39.77, down by 7.45% w/w, the largest weekly drop since June. The production recovery in the Gulf of Mexico, which was hit by hurricane…
September 10, 2020
The National Oil Spills Detection and Response Agency (NOSDRA), on Monday confirmed that 45 barrels and not 45, 000 barrels of crude oil leaked from a well head in Bayelsa on March 17. The News Agency of Nigeria (NAN) reports that the incident occurred on a well head owned by Shell at Angiama community. NOSDRA…
September 7, 2020
Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July. The drop is coming after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as optimism about demand recovery cooled amid the coronavirus pandemic. Brent crude was at $41.75 a barrel, down 91 cents…
September 7, 2020
*Says FG No Longer Fixing The Pump Price Of Petroleum Products By Hamilton Nwosa(The New Diplomat's Head Polling, Research and data desk) The Minister of State for Petroleum Resources, and former governor of Bayelsa state,Chief Timipre Sylva has reiterated that the federal government is no longer fixing the pump price of petroleum products in the…
September 4, 2020
...Divides Stakeholders Scrapping PAP 'will wake up sleeping lion', Edwin Clark, PANDEF War Ex-militants, Others React From Joseph Obukata (The New Diplomat's N'Delta correspondent) Leaked reports alleging that a presidential committee set up to appraise the activities of the Presidential Amnesty Programme (PAP) may have recommended the scrapping of the programme this year have generated…
August 18, 2020
President Muhammadu Buhari has virtually commissioned the 17-storey Nigerian Content Tower of the Nigerian Content Development Development and Monitoring Board (NCDB) in Elebele, Yenagoa, Thursday. The edifice touted to be the tallest building in the entire South-South and Southeast parts of the country was designed and completed by local contractors and manpowers. Read also: Ex-SGF…
August 13, 2020
Ahead of the Organization of Petroleum Exporting Countries and non-member countries known as OPEC+ Technical Monitoring Committee Meeting next week, there is a palpable tension that the landmark oil cut deal agreed to might be truncated by Iraq’s repeated noncompliance. This noncompliance is expected to in turn curtail the slight recovery oil prices have been…
August 11, 2020
