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At Close: Jun 03, 2026
ANC-linked Thebe Investments has a stake in Shell SA and the government stands to win big if the company strikes oil
There are signs that demand may be weakening in some markets going in to the winter months in Asia and Europe, said Mike Muller, the head of the Asia unit at Vitol, the worlds biggest independent oil trader

Pipeline developers ask damages

06:27am, Sunday, 28'th Nov 2021 Northwest Arkansas Democrat-Gazette
Developers of Keystone XL are seeking to recoup more than $15 billion in damages connected to President Joe Biden''s decision to yank a permit for the border-crossing oil pipeline even after construction began.
Kaieteur News The Joe Bidens administration has recommended an overhaul of the nations oil and gas leasing programme to limit areas available for energy development and raise costs for oil and gas companies to drill on public land and water. The long-awaited report by the Interior Department stops short of recommending an end to []

Spillage: FG mulls stiffer punishments for oil coys

11:26am, Thursday, 25'th Nov 2021 Nigerian Tribune
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

Reactions trail IMF advice on electricity, fuel subsidy removal

11:22am, Thursday, 25'th Nov 2021 National Accord Newspaper
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 .

Oil Prices Slip After Small Crude Inventory Build

10:34am, Thursday, 25'th Nov 2021 FinanzNachrichten
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 …

Climate change: Rep member warns over imminent danger

10:32am, Thursday, 25'th Nov 2021 Nigerian Tribune
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

NLC kicks against FG’s plan to increase petrol price to N340

09:11am, Thursday, 25'th Nov 2021 NaijaOnlineTV
(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

UAE says no clear position ahead of OPEC+ ministerial meeting

07:42am, Thursday, 25'th Nov 2021 Report AZ
The UAE, which is the fourth biggest oil producer in the OPEC+ agreement, has announced that it doesn’t yet have a definite position before the ministerial meeting scheduled for December 1-2
The Zamfara State Taskforce Committee on Compliance to Gov. Bello Matawalles Executive Order on insecurity has ordered the closure of a filling station and bakery in Gusau and Tsafe local government areas of the state. Chairmen of Committee, Abubakar Dauran, gave the order on Wednesday shortly after security forces arrested four suspects for alleged supplying [] The post Zamfara govt closes filling station, bakery for suppling petrol, bread to bandits appeared first on . .
One in six VLCCs currently trading have carried oil from sanctions-hit Venezuela and Iran over the past 24 months, new research shows, underscoring how large the illicit oil shipment business has become during what has been one of the worst earnings periods for tankers in a generation. Of the 853 VLCCs currently afloat, 141 have

UAE says it''s ''fully committed'' to OPEC+ deal

07:12am, Thursday, 25'th Nov 2021 Breaking the News 24/7
The United Arab Emirates is "fully committed" to the oil output agreement between the Organization of the Petroleum Exporting Countries and several other oil-producing nations, the country
Naija News looks at the top happenings making headlines on the front pages of Nigerias national newspapers today Thursday, November 25 2021. The PUNCH leads with a report that Nigerians will spend about N6.732tn on the purchase of Premium Motor Spirit, popularly called petrol, within a period of 12 months once the Federal Government stops [] This article was originally published on Naija News

Major oil consuming nations follow drastic US move

07:13am, Wednesday, 24'th Nov 2021 Russia Today
A number of the worlds largest oil consuming countries have announced the release of strategic oil reserves in a joint effort with Washington to curb rising gasoline prices. Read Full Article at RT.com
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