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Drivers, Thursday, shunned many Oando and MRS filling stations in Enugu metropolis following their links with the importation of methanol-laden petrol into the country. While Oando is selling petrol with low patronage, MRS shut its services on the Abakaliki road axis in Enugu. The drivers expressed fear that the products might still be in the […]

The House of Representatives on Wednesday urged the Federal Government to investigate the recent explosion of a Crude Oil Vessel at the Escravos Estuary in Delta State. The House specifically asked the Federal Ministry of Petroleum Resources to investigate the cause of the explosion on the Floating Production Storage and Offloading Vessel (FPSO), the Trinity []

Following the scarcity of Premium Motor Spirit, PMS, in some major cities, about 300 million litres of the product have arrived Nigeria. Personal Assistant to President Muhammadu Buhari on New Media, Bashir Ahmed stated this in a tweet on Thursday, quoting the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed. According to him, the newly imported 300 million litres would close the gap and ensure the availability of the product for Nigerians. At least six vessels ordered by the @NNPCgroup have arrived in the country, the vessels came in with 300 million litres of PMS (petrol) meant to close the gap created by the contaminated petrol withdrawn from depots and filling stations, Bashir said, quoting Farouk. DAILY POST reports that the Federal Government, after confirming that the scarcity was birthed by the importation of over 100 million adulterated fuel into the country, vowed to investigate the cause of the matter. Fuel scarcity: 300 million litres arrive Nigeria

The high price of oil is one reason for the pain at the pump. However, Saskatchewan stands to make more in 2022 as sector production shows signs of ramping up.

Polish Energy Officials Set To Meet U.S. Officials About Small Nuclear Reactors While Germany still seems to be giving up no ground on its decision to decommission most nuclear power projects, the rest of the world appears to be moving along to the "obvious" energy solution without them. One such nation that has adopted nuclear has been Poland - and now it looks as though the U.S. may have taken notice. The country''s Deputy Prime Minister and Minister of State Assets Jacek Sasin, along with Development Minister Piotr Nowak, are planning on traveling to the U.S. next week "to discuss construction of small nuclear reactors in Poland," Bloomberg reported Wednesday morning. The ministers "may sign agreement with U.S. administration during the visit," Bloomberg, citing Business Insider, wrote. And while the meeting seems preliminary, it is worth watching to see if it a harbinger of things to come on how the U.S. considers tackling energy policy. The Biden administration has put itself between a rock and a hard place as inflation rips through the nation and a depleted supply of oil and gas projects has forced prices higher.

Sixteen people went on trial in Istanbul on Tuesday, charged with political and military espionage on behalf of Israel, Turkish media reports said. The defendants, including Palestinians and Syrians, were Read more » The post Turkey Puts 16 Members of Israeli Spy Ring on Trial appeared first on Hamodia . In related news: Israeli AG: Make Separation Of Men and Women a Crime Israel Working to Keep Southern Oil Spill Under Control PM on New Milchan Testimony: More Fake News IDF: Drone Penetrates Israeli Airspace From Lebanon Bill to Extend Deadline for Passing the Budget Approved in Preliminary Reading

The Nigerian National Petroleum Corporation and MRS, one of the oil companies linked to the importation of adulterated petrol are at loggerheads over who is responsible for the importation of the adulterated fuel in the country. Apparently disturbed by the development, the federal government yesterday ordered an investigation into the bad fuel that had damaged the engines of some vehicles. Group Managing Director of NNPC, Mallam Mele Kyari had on Wednesday named MRS, Oando, Duke Oil and Emadeb-consortium as oil companies responsible for bringing the bad petrol into the country. He revealed the presence of Methanol in four petrol cargoes imported by MRS, Emadeb/Hyde/AY Maikifi/Brittania-U Consortium, Oando and Duke Oil. READ ALSO : MRS oil reveals source of adulterated fuel, blames NNPC The NNPC helmsman maintained that cargoes quality certificates issued at the loading port in Belgium, by AmSpec Belgium, indicated that the product complied with Nigerian specification. Furthermore, he said the NNPC quality inspectors including GMO, SGS, GeoChem and G&G conducted tests before discharge, which showed that the cargo also met the countrys standard.

Demand for oil is outstripping supply, with little promise of relief ahead.

Some of the money can be used for infrastructure and investment projects to help sustain growth as sanctions pressure cuts off investment inflows

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 .