OIL MARKET: We shall depend on IHS, Wood Mackenzie, and Rystad Energy data to review outputs of DoC nations — OPEC+ By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC and non-OPEC Participating Countries, popularly known as OPEC+ said it will depend on three independent sources – IHS, Wood Mackenzie, and Rystad Energy – […]
BREAKING: OPEC cuts Nigeria’s oil production by 20.7% to 1. 38 mb/d By Eyo Nsima THE Organisation of Petroleum Exporting Countries and its allies, popularly known as OPEC+ has cut Nigeria’s oil production, excluding condensate by 20.7 per cent to 1.38 million barrels per day, mb/d, from 1.74 mb/d. The decision targeted at achieving stability
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MARITIME ACCIDENT: Indonesian Navy landing ship on fire, Flores Sea By Our Correspondent Indonesian Navy landing ship KRI TELUK HADING (538) caught fire at around 1415 WITA (UTC + 8) on June 3, 2023, according to FleetMon. It stated: “Indonesian Navy landing ship KRI TELUK HADING (538) caught fire at around 1415 WITA (UTC +
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BREAKING: JMMC, 35th OPEC and non-OPEC Ministerial Meeting begin soon — Secretariat By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC has disclosed that the 49th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 35th OPEC and non-OPEC Ministerial Meeting will soon commence. In an update obtained by The Daily, www.thedaily-ng.com, OPEC, stated:
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OIL SPILL: Shell records 5 cases in April 2023 By Eyo Nsima As pipeline vandalism and oil theft continue in the Niger Delta, Shell Petroleum Development Company, SPDC recorded five oil spill incidents in April 2023. A similar five cases were recorded in the corresponding period of 2022, indicating that nothing has changed during the
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UPDATED: Maritime accidents drop by 6.5% to 357 incidents in 5 months .As 176 persons died By Eyo Nsima Global accidents in the maritime sector dropped by 6.5 per cent to 357 incidents in the first five months of 2023, from 382 recorded in the corresponding period of 2022. A breakdown showed that 73, 76,
UPDATED: Maritime accidents drop by 6.5% to 357 incidents in 5 months Read More »
MARITIME: Global accidents drop by 6.5% to 357 incidents in 5 months .As 176 persons died By Eyo Nsima Global accidents in the maritime sector dropped by 6.5 per cent to 357 incidents in the first five months of 2023, from 382 recorded in the corresponding period of 2022. A breakdown showed that 73, 76,
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OIL MARKET: Prices rise over $75 per barrel as OPEC+ meeting begins soon in Vienna By Eyo Nsima The prices of many crudes have risen over $75 per barrel in the global market as the Organisation of Petroleum Exporting Countries, OPEC, and its allies, popularly known as OPEC+ plan to hold a crucial meeting. The
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JUST IN: Petrol shortage hits Lagos, Abuja, others By Eyo Nsima Petrol shortage has emerged in Lagos, Abuja and other parts of Nigeria over uncertainty associated with the planned subsidy removal. The shortage, characterised by long queues, arbitrary prices and extortion was fueled by the government confirmation that fuel subsidy has officially ended in Nigeria.
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Breaking : Fuel subsidy is gone in Nigeria — President Tinubu President Bola Tinubu said fuel subsidy has come to an end in Nigeria . Delivering his inaugural address in Abuja, Nigeria’s capital, he said no provision was made for it in the 2023 budget. He also said funds will be directed at building infrastructure
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