*General view of Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo – Brent and WTI both jump by more than $1– Saudi move is in […]
*A general view of the newly rebranded NNPC Mega Gas Station in Abuja, Nigeria August 30, 2022. REUTERS/Afolabi Sotunde Abuja — Nigeria’s state oil firm NNPC Ltd is winding down crude swap contracts with traders […]
*Nigeria Labour Congress. Abuja — The Nigeria Labour Congress, NLC, has said it plans to go on strike from Wednesday to protest against a tripling of fuel prices in what would be the first big […]
*US weekly offshore rig count. Houston — U.S. energy firms this week cut the number of oil rigs operating by the most since September 2021, reducing the overall count for a fifth week in a […]
News wire — Canada’s second-biggest oil producer Suncor Energy Inc will cut 1,500 jobs by the end of this year, aiming to reduce costs and improve its financial performance, the Globe and Mail reported, citing […]
*Nigeria Labour Congress strike Lagos — The Nigerian Labour Congress, NLC, on Friday, after an emergency meeting of its executive council in Abuja, demanded that the hike in the price of petrol should be reversed. […]
*OPEC flag. London/Dubai — OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance […]
*Fuel queues return to Nigerian filling stations. Abuja — Nigeria’s state-owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television on Thursday, a day after it nearly […]
*Map showing Brazil’s Agua Marinha offshore block Paris – TotalEnergies and its co-venturers Petrobras, QatarEnergy and PETRONAS Petróleo Brasil Ltda (PPBL) have signed on 31 May 2023 the Production Sharing Contract (PSC) for the Agua […]
…Urges ‘immediate withdrawal of policy’ …Says decision ‘could be costly gamble’ *President Tinubu Mkpoikana Udoma Port Harcourt — The Nigerian Labour Congress, NLC, has tackled President Bola Ahmed Tinubu for announcing fuel subsidy removal without consultations […]
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