LAGOS APRIL 4TH (NEWSRANGERS)-Nigeria is still struggling to find buyers for its oil as strikes at French refineries and seasonal maintenance at plants elsewhere in Europe curb demand. Little Nigerian crude traded last week, with more than 20 shipments for April loading still hunting for buyers, according to traders specialising in the West African market….
LAGOS FEBRUARY 3RD (NEWSRANGERS)-Several people are feared dead following an explosion from a crude oil tapping point in Rumuekpe commumity in Emuoha Local Government Area of Rivers State. It was gathered that the explosion occurred when one of the buses loaded with crude oil ‘packaged in bags’ to transport to a refining site had started…
LAGOS MARCH 10TH (NEWSRANGERS)-President Muhammadu Buhari Monday responded to the drastic crash of crude oil in the international markets by constituting a presidential committee to review the 2020 budget and the oil benchmark and recommend realistic options that will make the document significantly implementable. The Nigerian blend, Bonny Light closed at $46.33 Monday from about…
LAGOS DECEMBER 30TH (NEWSRANGERS)-Refineries under the management of the Nigerian National Petroleum Corporation stayed dormant for three consecutive months as they processed no drop of crude oil, latest report on the operations of the facilities has shown. An analysis of the consolidated operations of the refineries showed that the plants were dormant in July, August…