JUST IN: Oil price hits $77.16 per barrel as OPEC+ meets in Vienna By Eyo Nsima The price of Brent has risen to $77.16 per barrel, from $75 per barrel in the international market as the Organisation of Petroleum Exporting Countries and its allies, popularly known as OPEC+ meet in Vienna, Austria. The prices of […]
JUST IN: Oil price hits $77.16 per barrel as OPEC+ meets in Vienna Read More »
OIL MARKET: Saudi Arabia, Russia, Iraq to produce 38.9% of OPEC+ over 40 mb/d in 2024 By Eyo Nsima The Organisation of Petroleum of Petroleum Exporting Countries, OPEC and its allies, popularly known as OPEC+, Sunday, resolved to produce over 40 million barrels per day, mb/d from January 2024. Three nations – Saudi Arabia, Russia
OIL MARKET: Saudi Arabia, Russia, Iraq to produce 38.9% of OPEC+ over 40 mb/d in 2024 Read More »
NCF sets to Provide Practical Solutions to Plastic Pollution As the world continues to battle a global disaster of plastic pollution, Nigeria not being left out of the trouble, the Nigerian Conservation Foundation (NCF), the foremost environmental NGO in Nigeria, is ready to provide practical solutions to this critical menace through simple and adaptable eco-friendly
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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
BREAKING: OPEC cuts Nigeria’s oil production by 20.7% to 1. 38 mb/d Read More »
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:
BREAKING: JMMC, 35th OPEC and non-OPEC Ministerial Meeting begin soon — Secretariat Read More »
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,
MARITIME: Global accidents drop by 6.5% to 357 incidents in 5 months Read More »
