Tuesday, December 1, 2020
MARKET UPDATE
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Petrobarometer

OPEC+ facing hard choices

    OPEC+ facing hard choices

Crude oil futures are trading lower on Monday morning as market participants closely watch OPEC members and their allies as they begin a two-day meeting to discuss their next steps

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Buhari to launch autogas scheme Dec 1

    Buhari to launch autogas scheme Dec 1

President Muhammadu Buhari will on Tuesday, December 1, launch the National Gas Expansion Programme (NGEP) in Abuja. The scheme is part of federal government’s efforts to create cheaper alternative fuel

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S’court dismisses Shell’s bid to review N17bn Ogoni judgement debt

    S’court dismisses Shell’s bid to review N17bn Ogoni judgement debt

The supreme court, on Friday, dismissed a suit filed by Shell Petroleum Development Company of Nigeria (SPDC), seeking the review of a judgment ordering it to pay N17 billion to

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NNPC GMD: Why we deliberately shut down refineries

    NNPC GMD: Why we deliberately shut down refineries

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says the nation’s refineries were deliberately shut down because operations were no longer sustainable. He disclosed this when

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Buhari: Modular refineries to end fuel importation, increase availability

    Buhari: Modular refineries to end fuel importation, increase availability

President Muhammadu Buhari says the construction of modular refineries in Nigeria will make petroleum products available in the country and

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Explosion rocks Shell, Agip oil fields in Bayelsa

    Explosion rocks Shell, Agip oil fields in Bayelsa

An explosion rocked Shell Petroleum Development Company (SPDC) and Nigerian Agip Oil Company (NAOC) oil facilities at Ikarama community, Yenagoa local

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Sylva: FG has not completely removed petrol subsidy

    Sylva: FG has not completely removed petrol subsidy

Timipre Sylva, the minister of state for petroleum resources, says the federal government has not totally removed subsidy on petrol.

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‘We begged buyers to purchase crude oil at $9 in April’ — NNPC GMD admits tough year

    ‘We begged buyers to purchase crude oil at $9 in April’ — NNPC GMD admits tough year

Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at

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Buhari to inaugurate 5,000bpd refinery in Imo on Tuesday

    Buhari to inaugurate 5,000bpd refinery in Imo on Tuesday

President Muhammadu Buhari is set to inaugurate the first phase of a 5,000 barrels per day (bpd) modular refinery, owned

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ICSID may ruin OPL 245 prosecution, CSOs warn World Bank

    ICSID may ruin OPL 245 prosecution, CSOs warn World Bank

A coalition of civil society organisations says Nigeria’s efforts to prosecute illicit funds with the OPL 245 deal may be

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