POLITICS

The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, Thursday resolved to gradually ease its oil output cuts from May till July. Sources said OPEC, which has been implementing deep cuts since oil prices collapsed in 2020 due to the COVID-19 pandemic, agreed to ease production cuts by 350,000 barrels per day in May, another 350,000bpd in June and a further 400, 000 to 450,000bpd in […]

The President, Muhammadu Buhari has on Monday said the Nigeria Liquefied Petroleum Natural Gas company has generated $114bn revenues for the country. He said this at the Nigeria International Petroleum Summit 2021 Pre-Summit Conference and official inauguration of the Decade of Gas in Abuja, adding that the NLNG was contributing one per cent to the country’s Gross Domestic Product. This came as the Managing Director, NLNG, Tony Attah, announced that […]