Tag Archives: Oil

Troops have deactivated 42 illegal refining sites, arrested 29 suspected oil thieves and recovered 197,000 liters of stolen products in the Niger Delta.      Acting Deputy Director, 6 Division Army Public Relations, Lieutenant Colonel Danjuma Jonah Danjuma, disclosed this in a statement on Sunday, December 15, 2024.    “The ongoing anti illegal bunkering operations in the Niger Delta Region …

Troops of 3 DIVISION/Operation Safe Haven raided identified criminal hideouts at Rafiki in Bassa Local Government Area of Plateau State and captured two notorious kidnap kingpins.     Major Samson Nantip Zhakom, Military Information Officer, Operation SAFE HAVEN, who disclosed this in a statement on Wednesday, December 11, 2024 said the operation led to the recovery of 439 rounds of …

Crude oil prices retreated from Monday’s gains amid weak demand outlooks, following disappointing Chinese international trade data for November. ADVERTISEMENT Crude oil prices slid following disappointing China’s international trade data in the Asian session on Tuesday. At 6 am CET, Brent futures were down 0.37% to $71.9 per barrel, and the WTI futures slipped 0.45% to $68.06 per barrel. The …

Oil prices have been down due to weaker than expected demand from China as well as increased production from countries such as Brazil and Argentina that are not in OPEC+. ADVERTISEMENT The OPEC+ alliance of oil exporting countries are meeting to discuss whether to put off plans to pump more crude amid sluggish demand and competing production from non-allied countries …

Troops of 6 Division, Nigerian Army, have deactivated 56 illegal oil bunkering sanctuaries and recovered 1.2 million litres of stolen products in the Niger Delta.        Acting Deputy Director, 6 Division Army Public Relations, Lieutenant Colonel, Danjuma Jonah Danjuma, who disclosed this in a statement on Sunday, December 1, 2024, said troops also arrested 17 suspected oil thieves, …

US President Joe Biden is visiting oil-abundant Angola for a three-day trip, aiming to enhance investment activities in the country and countering China’s rising influence in the region. ADVERTISEMENT US President Joe Biden is set to visit Angola on Monday, fulfilling a promise made in 2022 and marking the first visit by a US president to the Sub-Saharan African country. …

  Fomer Nigerian Minister of Tourism, Femi Fani-Kayode, has knocked critics of the Nigerian National Petroleum Company Limited upon the recent revival of Port Harcourt Refinery. He alleged that some elements within the private sector in the oil and gas industry want to undermine and understate the revitalisation of the Port Harcourt Refinery. Fani-Kayode made this known in a statement on …

The UK supermarket says the “cost of living still counts”, but its shoppers are showing “a return to indulgence”. Premium olive oil is one product attracting attention. ADVERTISEMENT Customers at Waitrose are increasingly opting for luxury when it comes to staple food items, said the UK supermarket in its annual food and drink report, published on Thursday. “A pantry stocked …

After reaching a two-week high, crude oil prices fell back on Monday as investors rebalanced positions in major asset classes. However, bullish factors remain in the near term as geopolitical tensions rise. ADVERTISEMENT Crude oil prices rose to a two-week high amid a major escalation in the Ukraine and Russia war. The Brent futures at ICEsurged 5.8% and the WTI …

The Bauchi State Police Command has arrested a 40-year-old woman and four teenage suspects, for criminal conspiracy and armed robbery.    The spokesperson of the command, who disclosed this in a statement on Tuesday, November 19, 2024, said stolen items including laptops, mobile phones and bottles of palm oil were recovered from the suspects.    “In alignment with its enduring …