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The Nigerian National Petroleum Corporation (NNPC) has dispelled the rumour of an impending review of pump prices of petroleum products, especially Premium Motor Spirit (PMS), otherwise called petrol. A release today in Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, affirmed that contrary to the misinformation trending in the social …
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by  Bloomberg Heesu Lee | Oil held losses near $67 a barrel on speculation that an escalating trade dispute between the United States and China will dampen global growth at a time when American crude inventories are growing. (Bloomberg) -- Oil held losses near $67 a barrel on speculation that an escalating trade dispute …
by  Bloomberg Heesu Lee | Oil's set for its biggest monthly drop since 2016 as the specter of a slowdown in the global economy haunts the market. (Bloomberg) -- Oil’s set for its biggest monthly drop since 2016 as the specter of a slowdown in the global economy haunts the market while U.S. inventories grow …
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… Firm to benefit from DSDP, Crude Oil Term Contracts Freight deals The Nigerian National Petroleum Corporation (NNPC) has announced the re-entry of its subsidiary, NIDAS Shipping Services, into the international shipment of crude oil and petroleum products, seven years after falling out of reckoning in the global oil freighting trade. NIDAS’s re-entry is in …
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The Russian Federation and the United Arab Emirates have expressed their readiness to expand their scope of partnership with the Nigerian National Petroleum Corporation (NNPC) in the upstream, midstream, downstream and services sectors to further boost their various economies. Speaking after a working visit to the Group Managing Director of the NNPC, Dr. Maikanti Baru, …
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by  Bloomberg Tsuyoshi Inajima Oil traded near $82 a barrel after President Donald Trump resumed his attack on OPEC. (Bloomberg) -- Oil traded near $82 a barrel after President Donald Trump resumed his attack on OPEC while Goldman Sachs Group Inc. poured cold water on forecasts for $100 crude. Brent futures in London were little …
Nigeria Sees OPEC Holding Firm in December by  Bloomberg | Grant Smith, Laura Hurst and Sherry Su | OPEC and its allies are likely to keep oil-production policy steady when they meet in December, Nigeria's oil minister says. (Bloomberg) -- OPEC and its allies are likely to keep oil-production policy steady when they meet …
by  Bloomberg Tsuyoshi Inajima | Oil traded below $68 a barrel as traders assessed mixed supply signals from producers. (Bloomberg) -- Oil traded below $68 a barrel as traders assessed mixed supply signals from producers. Futures in New York dropped as much as 0.5 percent after falling 2.2 percent last week. Russia suggested on Saturday …
… As Baru Assures of Petroleum Products Availability During Festive Period As the dry season draws near in the Country, the Nigerian National Petroleum Corporation (NNPC) has warned petroleum products consumers across the nation against mishandling of white products. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release Wednesday in …
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by  Bloomberg Dina Khrennikova | Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi. (Bloomberg) -- Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi, …
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