Biden Administration continues to work with oil-producing countries and continues to ‘monitor’ prices in the context of global economic growth The Biden administration stands ready to deploy its tools to address the latest increase in oil prices, a spokeswoman for…
The effect of the Omicron variant on global oil demand has been weaker than expected a month ago, and the oil market is set to be well-supported throughout 2022 despite monetary tightening policies, OPEC said on Tuesday, leaving its demand…
The Board of Trustees of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned against the proposed inauguration of parallel National Executive Committee (NEC) on 18th January, 2022 in Abuja. The IPMAN Board of Trustees Secretary, Mr Tunji Adeniji…
Minister of State for the Environment, Sharon Ikeazor has commended the Nigeria Liquefied Natural Gas (NLNG) Limited for its courageous decision to suspend the exportation of cooking gas while approving 100 per cent domestic supply of the product. Ikeazor noted…
World’s largest independent crude oil trader, Vitol, believes people might stop purchasing the commodity as price rises in global market – a situation being experienced in Nigeria. The oil major’s head of Asia, Mike Muller, said expensive energy will deplete…
The Group Managing Director/Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari, has said that the Petroleum Industry Act (PIA) has provided the organization with the opportunity to shed some of its toxic liabilities. The…
Some monarchs and civil society groups in the Niger Delta have dragged the National Assembly to the Federal High Court in Abuja, seeking a restraining order in the continued use of the 1999 constitution in the operations and exploration of…
The Managing Director of Afrinvest, Mr Ike Chioke, has said that the oil sector still remains a challenge to the Nigerian economy, despite the positive posture of the economy last year amid Coronavirus Disease infections. Chioke said on AIT show, ‘MoneyLineWithNancy’ recently,…
UK peak-hour power prices for Monday evening through 6 p.m. surged to the highest level in a month due to low wind power generation during the weekend. The contract for the 5-6 p.m. slot electricity price in the UK on…
By Uthman Salami The unison of oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have announced that no leadership change has been effected in the association’s National Executive whose tenure is expected to expire…
