May 11, 2015
There Isn’t Enough Petrol to Lift – NUPENG

Despite last week’s claims by the Nigerian National Petroleum Corporation (NNPC) that it has 1.2 billion litres of petrol in stock, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), on Sunday evening there are no products for its members to load from the various depots. The union therefore called on Nigerians to direct…

Read Article
May 4, 2015
Brent crude rises above $67 per barrel

The price of oil rose to $67 a barrel on Monday from $64 due to expectations that the crude supply glut would end soon. Earlier on Friday, oil services firm, Baker Hughes Inc., said prices might further rise due to the number of U.S. active rigs that had fallen for a record 21 weeks in…

Read Article