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NLC to commence strike on Wednesday over fuel subsidy removal

*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 oil rig count falls by most since September 2021’

*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 […]

Suncor to cut 1,500 jobs by end of year

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 […]

NLC to embark on strike from Wednesday over fuel subsidy removal

*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+ unlikely to deepen oil supply cuts at June 4 meeting

*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 […]

NNPC says it will end monopoly on petrol supplies

*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 […]

TotalEnergies signs PSC for the Agua Marinha offshore block

*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 […]

Tinubu’s decision on fuel subsidy insensitive

…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 […]

NNPC Limited increases fuel price to N555 per liter

Lagos — The Nigerian National Petroleum Company, NNPC, Limited has instructed all petroleum marketers to adjust retail prices for the premium motor spirit to a range between N488 to N555 per liter. *NNPC Limited price […]

Fuel price hits N600/litre in Bayelsa, Rivers, Akwa Ibom

*Petrol dispenser nozzle – NMDPRA, IPMAN react Mkpoikana Udoma Port Harcourt — Fuel price has risen to N600 per litre in filling stations across Rivers, Bayelsa and Akwa Ibom States, following the end of fuel […]