State oil firm NNPC has awarded 50 companies with contracts to buy Nigerian crude and more thanhalf of them are local firms, foreign and Nigerian trading sources said. Of the total, 32 were local companies, doubling the number of awards to Nigerian firms compared to 2017. NNPC also awarded contracts to supply crude to 12 […]
The Nigerian power industry achieved another improved all-time national peak of 5,420.30 megawatts, the Transmission Company of Nigeria announced on Thursday. It was also gathered that the 5,420.3MW was effectively transmitted through the national grid at a frequency of 50.10Hz at 9:15pm on August 18, 2020. “This is the highest ever recorded in the nation’s […]
World oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and recover more slowly than expected next year, OPEC said on Monday, potentially making it harder for the group and its allies to support the market. World oil demand will tumble by 9.46 million barrels per day (bpd) this […]