May 9, 2021
  • May 9, 2021

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Rising cases of Covid in India hit at global crude oil prices

by on May 3, 2021 0
Crude oil prices eased as weaker fuel demand in India, grappling with a surge in Covid-19 cases, tempered optimism over the global economic recovery. Brent crude fell 0.2 percent after rising almost 6 percent last month. Sales of gasoline in India were the lowest in April since August, while average daily diesel sales were the lowest... Read More

DPR debunks NEITI claim on lack of accurate data on oil production

by on April 16, 2021 0
The Department of Petroleum Resources (DPR) has debunked the claim by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the country’s daily crude oil production remains unknown despite over 60 years of exploratory activities. In a statement in Abuja by the DPR’s Head of Public Affairs, Paul Osu, the regulatory agency for the oil... Read More

No accurate data on Nigeria crude oil production, says NEITI

by on April 16, 2021 0
True data on Nigeria crude oil production, especially at the deep offshore fields, is not known by anyone, the Nigeria Extractive Industries Transparency Initiative (NEITI) has said. According to the NEITI Executive Secretary, Orji Ogbonnaya-Orji, the exact amount of crude oil produced in Nigeria had remained unknown because of the absence of meters at... Read More

OPEC+ indecisive on crude oil production output for April

by on March 4, 2021 0
The Organization of Petroleum Exporting Countries  (OPEC) and its allies kept oil-watchers guessing about their next move, after a day of preliminary talks offered few clues as to whether the market will get the April supply increase it’s been expecting. Saudi Arabia and Russia, leaders of group, held bilateral talks on Wednesday, seeking common... Read More