No Russian oil has been delivered via the Druzhba pipeline to the PCK refinery in Germany in more than two years because of sanctions levied against Moscow following its full-scale invasion of Ukraine. But with the plant in the town Read More
Group commends Tinubu on improved crude oil production
The Tinubu Stakeholders Forum (TSF) has commended President Bola Tinubu’s administration for the increase in rig count from 19 to 40, with projections of reaching 50. Mr Ahmad Sajoh, Chairman of the group, said in a statement on Thursday that Read More
Fresh oil production hiccups may distort market stability despite $490b investment
Although about $490 billion is being invested this year to boost crude oil production and plug the supply gap, there are indications that supply shortfall may persist. The post Fresh oil production hiccups may distort market stability despite $490b investment Read More