by  Bloomberg Ben Sharples and Francine Lacqua Thursday, September 27, 2018 Total is among a growing chorus that sees $100 oil on the horizon, but the French energy giant isn't thrilled about it. (Bloomberg) -- Total SA is among a growing chorus that sees $100 oil on the horizon. But the French energy giant …
Oil Surges on Prospects of Supply Crunch
by  Bloomberg Sharon Cho Thursday, September 27, 2018 Oil surged on prospects of a supply crunch after the US ruled out the release of emergency crude reserves. (Bloomberg) -- Oil surged on prospects of a supply crunch after the U.S. ruled out the release of emergency crude reserves, adding to concerns over potential losses …
Exercise Restraint on Strike Action, Baru Appeals to Oil Workers
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged oil workers under the auspices of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), to halt their planned industrial action over a labour dispute involving …
Continue reading "Exercise Restraint on Strike Action, Baru Appeals to Oil Workers"
NNPC Cautions Petroleum Products Consumers Against Panic Buying
… Says FG is Addressing the NLC Planned Industrial Action The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has appealed to motorists and other consumers of petroleum products across the country not to engage in panic buying of products over the Nigeria Labour Congress (NLC) planned industrial action. Dr. …
Continue reading "NNPC Cautions Petroleum Products Consumers Against Panic Buying"
Offshore Namibia Dud Dims Outlook for New Play
by  Bloomberg Paul Burkhardt Monday, September 24, 2018 Tullow Oil Plc said an exploration well off Namibia was a dud, damping enthusiasm over a frontier area that's attracted renewed interest amid oil's recovery. (Bloomberg) -- Tullow Oil Plc said an exploration well off Namibia was a dud, damping enthusiasm over a frontier area that's …
Continue reading "Offshore Namibia Dud Dims Outlook for New Play"
OPEC daily basket price stood at $78.81 a barrel Monday, 24 September 2018
Vienna, Austria, 25 September 2018--The price of OPEC basket of fifteen crudes stood at $78.81 a barrel on Monday, compared with $77.08 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), …
Continue reading "OPEC daily basket price stood at $78.81 a barrel Monday, 24 September 2018"
NNPC Records ₦17.16bn Trading Surplus, Up 46%
The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, who disclosed this in a statement, said this was part of the highlight of the corporation’s Monthly Financial and Operations …
Continue reading "NNPC Records ₦17.16bn Trading Surplus, Up 46%"
Exercise Restraint on Strike Action, Baru Appeals to Oil Workers
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged oil workers under the auspices of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), to halt their planned industrial action over a labour dispute involving …
Continue reading "Exercise Restraint on Strike Action, Baru Appeals to Oil Workers"
OPEC daily basket price stood at $77.08 a barrel Friday, 21 September 2018
Vienna, Austria, 24 September 2018--The price of OPEC basket of fifteen crudes stood at $77.08 a barrel on Friday, compared with $77.13 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), …
Continue reading "OPEC daily basket price stood at $77.08 a barrel Friday, 21 September 2018"
OPEC Gives Tepid Response to Trump Demand
by  Bloomberg Tsuyoshi Inajima & Alex Longley Monday, September 24, 2018 Brent crude climbed above $80 a barrel to its highest level since November 2014 after OPEC and its allies signaled less urgency to boost output, despite U.S. pressure to temper prices. (Bloomberg) -- Brent crude climbed above $80 a barrel to its …
Continue reading "OPEC Gives Tepid Response to Trump Demand"
Energy Network 