…Raises hope for market stability By Eyo Nsima There are indications that oil market would continue to witness stability as the Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC member States, have already withdrawn 2.1 billion barrels of excess oil in the past nine months. This was contained in a statement obtained by The Daily, […]
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Oil Market: Prices rise to $57.49 per barrel over OPEC, non-OPEC output slash The price of oil has increased to over $57 per barrel in the international market as members of the Organisation of Petroleum Exporting Countries, OPEC, and non-members commit to an oil output cut. For instance, the price of Brent rose to $57.49
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BREAKING: Nigeria’s Bonny Light hits $56.95 per barrel By Eyo Nsima The price of Nigeria’s Bonny Light has risen to $56.95 per barrel over the American Petroleum Institute (API) favourable report. Consequently, the prices of many crudes, including Bonny Light rose significantly in the international market. Also, the price of Brent rose to $58.17
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Exxon Mobil Corporation has announced an estimated fourth quarter 2020 loss of $20.1 billion, or $4.70 per share assuming dilution. In its report obtained by The Daily, www.thedaily-ng.com, the company, stated: “Fourth quarter capital and exploration expenditures were $4.8 billion, bringing full-year spending to $21.4 billion, $9.8 billion lower than the prior year. ExxonMobil reports
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Exxon Mobil Corporation has disclosed that Tan Sri Wan Zulkiflee Wan Ariffin has joined its board of directors. Wan Zulkiflee served from 2015 to 2020 as president and group chief executive officer of Petronas, the national oil and gas company of Malaysia. In his role as president and CEO at Petronas, Wan Zulkiflee led strategic
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Muhammadu Buhari of Nigeria and the Moroccan leader, King Mohammed V1 on Sunday had a telephone conversation to discuss joint efforts towards realization of strategic development projects that include Nigeria-Morocco Gas Pipeline and a fertilizer production plant. This was contained in a statement issued by the Senior Special Assistant to the President on Media and
Nigeria, Morocco to embark on joint Gas Pipeline, construction of fertilizer production plant –As Buhari, King Mohammed V1 hold bilateral talks By Johnbosco Agbakwuru ABUJA—PRESIDENT Muhammadu Buhari of Nigeria and the Moroccan leader, King Mohammed V1 on Sunday had a telephone conversation to discuss joint efforts towards the realization of strategic development projects that
ExxonMobil records $20.1bn 4th Quarter loss in 2020 Exxon Mobil Corporation has announced an estimated fourth quarter 2020 loss of $20.1 billion, or $4.70 per share assuming dilution. In its report obtained by The Daily, www.thedaily-ng.com, the company, stated: “Fourth quarter capital and exploration expenditures were $4.8 billion, bringing full-year spending to $21.4 billion, $9.8 billion
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Kyari Commends President Buhari’s Non-Interference in NNPC …Tasks Govts, Institutions on Technology, Innovation The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has commended President Muhammadu Buhari for giving the Corporation’s Management free-hand to deliver on its mandate, saying that he remains the only president that has never interfered in
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ExxonMobil: Tan Sri Wan Zulkiflee Wan Ariffin joins Board of Directors Exxon Mobil Corporation has disclosed that Tan Sri Wan Zulkiflee Wan Ariffin has joined its board of directors. Wan Zulkiflee served from 2015 to 2020 as president and group chief executive officer of Petronas, the national oil and gas company of Malaysia. In
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