The management of Chevron Nigeria Limited (CNL) says it has no plans to migrate Nigerian jobs outside the country. CNL’s General Manager Policy, Government and Public Affairs, Mr Esimaje Brikinn, made the clarification in a statement on Friday. Brikinn spoke following an allegation by the Petroleum and Natural Gas Senior Staff Association of Nigeria that Read More…
Oil prices fell on Monday on the potential return of output from Libya as rising coronavirus cases also added to worries about global demand, although a tropical storm heading for the U.S. Gulf of Mexico limited losses. Brent crude was down 33 cents or 0.8 per cent at $42.82 a barrel by 0645 GMT, while Read More…
Oil dipped below $45 a barrel, on Friday, on worries that a demand recovery would slow due to a resurgence of coronavirus cases. Although a pledge from OPEC member, Iraq to cut oil output further in August, provided support. The resurgence of infections remains a key issue for the market and demand outlook. Tallies show Read More…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol at the old rate of N143 per litre, pending the new directive by the Petroleum Products Pricing Regulatory Agency (PPPRA).The National Public Relations Officer of IPMAN, Alhaji Suleiman Yakubu, said this during an interview with the News Agency of Nigeria Read More…
Tanker drivers, on Tuesday, embarked on strike owing to what they said were unfavorable conditions affecting their operations in the state. Mr Tayo Aboyeji, Chairman, National Union of Petroleum and Natural Gas Workers (NUPENG), Lagos zonal council, told the News Agency of Nigeria (NAN) in Lagos that all the tanker drivers had been turned back Read More…
