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Oil prices rose in European trade for another session after a sharp decline in US inventories,

Monsoon, global crude oil prices pose risks to dovish outlook

Finance Minister Shaukat Tarin says government cannot lower petroleum product prices artificially

Abuja The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29 million receipt from crude oil and gas export in August 2021 as against $191.26 million in July 2021. Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, NNPC Limited, noted that a breakdown of the figures captured in the August []

Mele Kyari, the Group Managing Director/Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited has on Wednesday revealed and explained how adulterated Premium Motor Spirit (PMS); popularly known as petrol from Belgium got entered Nigeria undetected and the companies that brought it in. NNPCs boss spoke about the problem which had led to PMS shortage and the emergence of queues in Abuja, Lagos, and several other states, at a late-night briefing in the nations capital. Continue reading NNPCs Kyari Reveals How Adulterated Fuel Got To Nigeria, Importers at BizWatchNigeria.Ng.

Promises Remedial Action on Defaulting Importers The Nigerian National Petroleum Company (NNPC) Limited has reassured Nigerians of its capacity to restore sanity in the supply and distribution of quality Premium Motor Spirit (PMS) also known as petrol across the country within a short period. The Chief Executive Officer/ Group Managing Director of NNPC, Mallam Mele []

The Reserve Bank of India has pegged the economic growth rate for 2022-23 at 7.8 per cent, down from 9.2 per cent expected in 2021-22, in view of uncertainties on account of the pandemic and elevated global commodity prices, RBI governor Shaktikanta Das said on Thursday. The RBI''s growth projection for next financial year is lower than 8-8.5 per cent projected by the Finance Ministry in the recent Economic Survey which was tabled in Parliament earlier in the month. Unveiling the bi-monthly policy, RBI Governor Shaktikanta Das said, "recovery in domestic economic activity is yet to be broad-based, as private consumption and contact-intensive services remain below pre-pandemic levels." He observed that the announcements in the Union Budget 2022-23 on boosting public infrastructure through enhanced capital expenditure are expected to augment growth and crowd in private investment through large multiplier effects. "Global financial market volatility, elevated international commodity prices, especially crude oil, and continuing global supply-side disruptions pose downside risks to the outlook," he added.

The House of Representatives, on Wednesday, called on the Federal Government, through the Federal Ministry of Petroleum Resources, to investigate the cause of the explosion on the floating production storage and offloading vessel, called Trinity Spirit, in Delta State to prevent a recurrence of the incident. The House also urged the government to urgently mitigate the effects of the explosion on affected communities by embarking on a clean-up of the polluted waters and the coastlands, as well as provide relief materials and pay adequate compensation to those affected by the oil spill. The lawmakers mandated the House Committee on Petroleum Resources (Upstream) to conduct an on-the-spot assessment of the area of the incident and make recommendations towards averting a recurrence and report back within four weeks for further legislative action. Continue reading House Of Reps Seek Probe Into Delta Oil Platform Explosion at BizWatchNigeria.Ng.

Oil supplies have been tight amid robust demand

While US stocks staged a strong rally overnight, Asian markets turned mixed. Investors are holding their bets ahead of US CPI data. Australian Dollar remains the strongest one for the week, followed by Kiwi. Loonie also regained some ground with help from the stabilization in oil prices. On the other hand, Yen is currently the [] The post Dollar Soft with Yen as US CPI Awaited appeared first on Action Forex .

The price of a barrel of Azerbaijan''s Azeri LT CIF oil in the world market has decreased by $1.36 or 1.42% to $97.46 per barrel, Report informs.

Posts $224.29m Crude Oil Revenue Emmanuel Addeh in Abuja and Peter Uzoho in Lagos The Nigerian National Petroleum Company (NNPC) Limited yesterday announced that it made N2.613 trillion from the The post NNPC Rakes in N2.613trn from Petrol Sales in One Year appeared first on Nigeria''s Top News Site .

The DXY Index representing the US Dollar has consolidated this week. The markets are eagerly awaiting US CPI data. What does it have instore for USD?

World old prices continued their upward movement on Thursday morning, with investors assessing data on a substantial decline in US crude inventories.

The Nigerian National Petroleum Company (NNPC) Limited says it posted a total of $224.29 million receipt from crude oil and gas export in August 2021 as against $191.26 million in July 2021. This is contained in the August 2021 NNPC Monthly Financial and Operations Report (MFOR) released on Wednesday. A breakdown of the figures [] The post NNPC records $224.29m proceeds from crude oil, gas export appeared first on Freedom Online .