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OPEC congratulates Buhari on unlocking oil investments
Sopuruchi Onwuka The Organization of Petroleum Exporting Countries (OPEC) has described the eventual legislative passage and presidential assent of the highly awaited Petroleum Industry Bill (PIB) as a significant milestone for Nigeria’s oil industry and an historic achievement for the…
NNPC returns to old structure, scraps COO position
Sopuruchi Onwuka Nigerian National Petroleum Corporation (NNPC) has consolidated on its traditional administrative structure with the reinstallation of the designation of Group Executive Director for its divisional heads. Chief Operating Officer positions in the Corporation have now been redesignated as…
‘OPEC+ still positioned for oil market intervention’
Sopuruchi Onwuka The league of world’s key petroleum producers hosted in the Organization of Petroleum Exporting Countries (OPEC) and its non-member allies are still positioned to apply supply modulation mechanisms in protecting vulnerable economies from oil market shocks as the…
Downstream oligopoly strives against PIB
Sopuruchi Onwuka The ancient demon that causes scare in government’s failing attempts at commercial deregulation of the domestic fuel market appears to have crept in the Petroleum Industry Bill (PIB); the omniscient legislation conceived to resolve all fiscal, regulatory and…
OPEC+ maintains grip on global supply, records 113% compliance
Sopuruchi Onwuka Global petroleum market factors, the Organization of Petroleum Exporting Countries (OPEC) and its allies, have registered positive control of crude oil supplies towards the twin targets of adequately fuelling socio-economic activities while returning value for investors and resource…
