Tag: EIA
Oil Price Slips as New Lockdown Measures Threaten Demand Recovery
Oil price slips on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook for economic growth...
Oil Falls Near 4% as COVID-19 Spike Continues and U.S. Debate...
Oil prices fell yesterday almost 4% to their lowest in two weeks on worries about the outlook for fuel demand as Europe and the...
Group Expresses Safety Concern Over First E&P Operations at OML 85...
Kenechukwu Obiajuru, Yenagoa
A Niger Delta group known as Ifalbobou Revolutionary Movement, (IRM) has expressed concerns over operations of First Exploration and Petroleum Development Company, (First...
Why crude oil prices are on upward swing – EIA
The United States Energy Information Administration (EIA), has attributed the current surge in oil prices to shutdown of the Forties Pipeline in the North...
Oil down 3 percent after modest U.S. draw; swings seen pre-UK...
Oil prices extended their losses on Wednesday, falling nearly 3 percent, after a smaller-than-expected U.S. inventory draw-down and jitters ahead of a vote on...
Oil price fall tips OPEC current account into deficit in 2015
…First since 1998
OPEC’s 2015 oil export revenues slumped 46 percent to a 10-year low, the group said in a report published, underlining the impact...
Nigeria ranks top five among gas flaring countries in 2015
Nigeria has ranked fifth amongst countries in the world to have flared (burnt off) the highest volume of gas per day, an improvement against...
Europe, US increase demand for Nigerian crude
The premium of Nigeria’s Brass River crude to Dated Brent has jumped to its highest in almost a year as a result of increased...
Gas Utilisation and Commercialization: Next Big Thing in Sub-Sahara Africa?
By Godspower Ike
The growth of sub-Saharan Africa has over the years been stunted mainly due to its inability to harness its vast potentials, especially...
