energy

THE United States (U.S) has finally announced that it will be releasing 50 million barrels (MMbbls) of crude oil from its Strategic Petroleum Reserve (SPR) to help lower prices. A…
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OIL has dipped again on Thursday after US President Biden reportedly asked major oil consumers, like China and Japan, India, South Korea, to consider a coordinated release of Strategic…
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VICE President Yemi Osinbajo on Friday at the Presidential Villa, Abuja, received Dr Mari Pangestu, World Bank Managing Director of Development, Policy and Partnerships. Osinbajo’s…
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By Olu Anisere CRUDE oil price bumped after U.S inventories unexpectedly rose as well as signs of weaker demand, Australia’s ANZ Bank said in a Thursday note ahead of the…
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ABOUT $450 billion worth of new refinery projects and expansion of existing units would be invested in Nigeria and other developing nations, the Organisation of Petroleum Exporting…
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CRUDE oil prices were in full retreat Thursday ahead of the much-anticipated meeting of the Organization of the Petroleum Exporting Countries (OPEC) scheduled to hold today. There…
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By Kate Abnett and Valerie Volcovici, Ilze Filks, Jeff Mason MORE than 100 countries have joined an effort led by the United States and European Union to slash emissions of the…
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OIL hit multi-year highs on Monday amidst China energy crunch, and tight competition for supply in the market as the global economy continues to heal. In the United States, a stronger…
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OIL prices pulled back Wednesday after crude lifting has seen a multi-year increase following stock build in the United States (U.S).  Data shows that inventories of commercial crude…
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THE Organisation of the Petroleum Exporting Countries (OPEC) says Africa would reduce dependence on oil importation as it strives to meet the projected production output for 2026. …
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