Chinese oil imports to rise in 2020 despite Coronavirus
China’s apparent crude oil consumption is expected to increase by between 1 percent and 2 percent year on year, CNPC Research says, as carried by Reuters.
Posts
Read More
PetroNor makes progress in Senegal
PetroNor, has announced that the Company has reached a mutual agreement with the Government of Senegal to suspend the Arbitration related to the Rufisque Offshore
Oil price crash leads to large drop in United States fixed investment
The drastic spending cuts across the U.S. shale patch due to the low oil prices will likely lead to a 6.1-percentage point slump in total U.S. fixed business investment.
Why FG won’t allow marketers to determine price of petrol —Sylva …Says deregulation of downstream sector approved since March
Chief Timipre Marlin Sylva, on Thursday, explained that the need to protect the generality of the public from undue exploitation and prevent inordinate profiteering by oil marketers
Nigeria’s refineries produced no petrol in eight months —NNPC
By Oke Peter For eight straight months, no drop of petrol or kerosene was produced by any of the refineries under the management of the Nigerian National Petroleum Corporation (NNPC). Latest figures released by the NNPC on refined white products (petrol and kerosene) from local refineries showed that from June 2019 till January 2020, the…
Nigerian households spent N2trn on fuel, electricity in 2019 —NBS
Damilola Shittu – Abuja The National Bureau of Statistics (NBS) has said that households in Nigeria spent a total of N2.02trn on fuel and electricity in 2019, The NBS said in a new report on consumption expenditure pattern that household expenditure on fuel/light accounted for 11.57 percent of the total non-food consumption expenditure in 2019….
NNPC slashes ex-depot price of petrol
Damilola Shittu – Abuja The Nigerian National Petroleum Corporation (NNPC) on Wednesday announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre. The corporation said the new price cuts across all its products loading facilities as well as in its throughput operations. A statement in Abuja by the…
Ikeja Electric bags latest ISO certifications to record industry’s first
Ikeja Electric Plc (IE), Nigeria’s leading electricity distribution company, has added to its scorecard by becoming first and only company in the sector to earn the latest ISO accreditation.
Dominion Energy to quadruple renewable energy goals by 2035
To get there, Dominion now plans on having 5,100 MW of offshore wind, 15,900 MW of solar, and 2,700 MW of energy storage by 2035.
Covid-19: Nigeria’s oil, gas exports to fall by $26.5bn —IMF •Oil price rises to $25
In a detailed report regarding the request, released late on Wednesday, the Washington-based fund warned that Nigeria remained exposed to rising risks, particularly in oil markets.