Oando Explains Role in renovation of Port Harcourt Refinery

Oando Explains Role in renovation of Port Harcourt Refinery

Oando Plc has explained its role in the planned renovation of the Port Harcourt Refinery, following the Memorandum of Understanding (MOU) reached by the federal government and Nigerian Agip Oil Company (NAOC/ENI), it will partner the Italian firm in the...
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Latest Nigeria Depot Oil Price (May 15 list)

Latest Nigeria Depot Oil Price (May 15 list)

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Oil Prices Rise As OPEC Discusses Deeper Output Cuts

Oil Prices Rise As OPEC Discusses Deeper Output Cuts

OPEC is discussing a potential deepening of crude oil output cuts in a bid to accelerate market rebalancing, sources from the cartel told Reuters. The news came as the group’s Economic Commission Board met to discuss possible scenarios for next week’s...
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Oil Prices Slip After U.S. API Reports Build In Crude Stocks

Oil Prices Slip After U.S. API Reports Build In Crude Stocks

The American Petroleum Institute (API) reported a build of 882,000 barrels in United States crude oil inventories, compared to analyst expectations that markets would see a draw of 2.3 million barrels for the week ending May 12. This week’s build...
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Oil Rebounds After API Reports Biggest Crude Draw This Year

Oil Rebounds After API Reports Biggest Crude Draw This Year

  The American Petroleum Institute (API) reported a hefty draw of 5.789 million barrels in United States crude oil inventories, compared to analyst expectations that markets would see a crude oil draw of 1.8 million barrels for the week ending...
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Exxon Labor Negotiations Fall Apart, Threaten Nigerian Oil Production

Exxon Labor Negotiations Fall Apart, Threaten Nigerian Oil Production

Talks between Exxon officials in Nigeria and the fossil fuel sector’s labor union have failed to produce a mutually agreeable solution, according to a labor official who spoke to Bloomberg on Friday. “The meeting broke down, and as of this...
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