By Irina Slav Global crude oil supply might need some cuts, Saudi Arabia’s Energy Minister Khalid al-Falih told state TV channel al-Ekhbariya as quoted by Reuters, to offset recent increases. “We (have) entered the stage of worrying about this increase,” the official said, adding any reduction in supply would go towards ensuring the stability accomplished…
By Tsvetana Paraskova China will lead global refinery capacity expansion and investments with 3.12 million bpd additional refining capacity and US$67.3 billion capital expenditure through 2022, data and analytics company GlobalData said in a new report. Total refining capacity in the world is expected to grow by 15.1 percent between 2018 and 2022, with global…
By Oke Peter The Executive Secretary of Nigerian Shippers Council (NSC), Mr Hassan Bello, has said Nigeria lost $25 billion to foreign ship owners between 2015 and 2017. Bello disclosed this when the Nigerian Fleet Implementation Committee paid a courtesy visit to the Minister of Budget and Planning in Abuja, Senator Udoma Udoma. Bello said…
By Oke Peter Spokesperson for Muhammadu Buhari Campaign Organisation, Mr Festus Keyamo, SAN, has denied collecting money from Nigerian National Petroleum Corporation, NNPC, to run the publicity department of the organisation. Keyamo, who is also the campaign organisation’s Director of Strategic Communications, said on Thursday, in Lagos that the organisation would not depend on public…
