The Nigerian Electricity Regulatory Commission (NERC) has given reasons why it decided to suspend the implementation of a new electricity tariff regime in the country earlier scheduled for April 1. In its latest Order No: NERC/198/2020 issued on Tuesday on the transition to cost reflective tariffs in the Nigerian electricity supply industry (NESI), NERC said […]
OPEC and other oil producers in the cuts pact are following developments in Venezuela and other countries to ensure an energy crisis is avoided, Secretary General Mohammed Barkindo said Thursday. “Our objective remains as an organization that we will continue to work with all member countries as well as the participating countries in the declaration […]
Crude oil futures price declines extended in mid-morning European trading hours Thursday, after the US Energy Information Administration reported that US crude stocks rose sharply last week. At 1107 GMT, the December ICE Brent crude futures contract was down $1.04/b from Wednesday’s settle at $79.01/b, while the NYMEX November light sweet crude contract was down […]