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Tribune Online AIPCC energy targets local refining of 50,000bpd by 2024 Nigeria’s quest for self-sufficiency in the refining of petroleum products, especially Premium Motor Spirit (PMS), is bearing fruit as AIPCC Energy is putting infrastructure in place to refine 50,000 barrels per day (bpd) of crude oil by 2024. The Chairman, AIPCC Energy Limited, Mr Micheal Akemere Osime, made this known, on Thursday, in Abuja, when […] AIPCC energy targets local refining of 50,000bpd by 2024 Tribune Online

North Dakota Gains Lift Latest Baker Count as Oil Activity Climbs Natural Gas Intelligence

New Delhi, Nov 25 (IANS) Indias decision to release 5 million barrels of crude oil from its strategic reserves, along with similar moves by some other countries, may not be enough to curtail rising fuel prices, analysts said. Lately, crude oil from strategic reserves have been released by a select few countries to counter the [] The post Release of strategic crude reserves not enough to cool-off fuel prices: Experts appeared first on Buziness Bytes .

Pretty Please? US Trying To Persuade Russia To Lift Oil Output Interfax is reporting Thursday that the United States is urging Russia to raise oil output in order to lower global prices , following the Biden administration''s Tuesday announcement it plans release 50 million barrels of crude from the U.S. Strategic Petroleum Reserve, amid predictions of $100 oil. "The US has been putting pressure on OPEC and its partners in recent weeks to raise oil output, overtures which have been rebuffed ," Bloomberg reports based on statements from the Russian Foreign Ministry indicating the ongoing US attempt to persuade Moscow. "OPEC meets next week, and officials will be mulling whether to continue easing its output curbs by 400k BPD per month, or perhaps pause given nations of consumers will be releasing a total of 70-80mln barrels ahead," the report notes. Perhaps the Kremlin would be more willing to play nice at a moment Washington comes calling, hat in hand, if it weren''t subject of US sanctions against Russian officials and constant allegations of political ''interference'' in the West, with Putin widely cast in American media as this decade''s big bad geopolitical bogeyman.

TOKYO, Nov. 25 (Xinhua) -- The Japanese government on Thursday kept its view that the economic recovery from the COVID-19 fallout is showing "weakness", while expressing wariness over the impact of higher raw material costs including crude oil prices, local media reported Thursday. "The Japanese economy continues to show weakness in picking up, although the severe situation due to the novel coronavirus is gradua

Oil prices remained stable on Thursday following wild swings on both major benchmarks over the past few months.

On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act into law, reinstating two long-expired Superfund excise taxes on certain manufactured

Earlier this week, the US and several major oil importers announced their intention to sell part of their strategic reserves to bring down the price. The total volume of interventions from so-called Anti-OPEC is around 70M barrels, of which 50M will come from the US. The announcement of these measures and the quantities caused oil [] The post Why did Crude Oil go 5% up after the Anti-OPEC announcement? appeared first on All About Forex World .

U.S. Senator Joe Manchin, D-W.Va., said Biden was using a band-aid approach to address a self-inflicted energy policy wound.

Global oil prices are moderately falling on November 25 afternoon on the decision of some countries to release their strategic reserves

Tribune Online Spillage: FG mulls stiffer punishments for oil coys The federal government has announced plans to institute stiffer punishments for companies involved in oil spillage in the country. The minister of environment, Sharon Ikeazor, who gave the hint Thursday at the weekly ministerial press briefing organized by the presidential media team at the presidential villa, Abuja, said the ministry is engaging other relevant government [] Spillage: FG mulls stiffer punishments for oil coys Tribune Online

Experts have expressed divergent views over the International Monetary Fund (IMF) advice to the Federal Government to ensure total removal of electricity and petrol subsidies. [] The post Reactions trail IMF advice on electricity, fuel subsidy removal appeared first on National Accord Newspaper .

WASHINGTON (dpa-AFX) - Oil prices fell slightly on Thursday after data showed a modest increase in U.S. crude stockpiles in the week ended November 19.Investors also continued to weigh the impact …

Tribune Online Climate change: Rep member warns over imminent danger A member of the House of Representatives, representing Ovia Federal Constituency of Edo State, Mr Dennis Idahosa, has warned the Federal Government of the danger of relying solely on oil revenue, without harnessing other sources of revenue, in the face of the implementation of the resolutions of the 26th meeting of the Conference Parties to [] Climate change: Rep member warns over imminent danger Tribune Online

(adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "ca-pub-0176876508545781", enable_page_level_ads: true }); NLC President, Comrade Ayuba Wabba, made the call in a statement he issued to newsmen in Abuja, entitled: ”Nigerian workers refused to take the bait’’. According to him, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, announced that petrol could cost as much as N340 from February 2022. Wabba described as