demand

IBEDC boss calls for better cooperation for improved energy in Africa

Mr John Ayodele, the Chief Operating Officer (COO), Ibadan Electricity Distribution Company (IBEDC) has called for better cooperation for improved…

4 years ago

Crude oil prices rise amid tight global supplies

Crude Oil prices rose on Thursday, recovering from early losses, in hopes that the planned easing of restrictions in Shanghai…

4 years ago

IEA predicts oil output to hit 3.3m barrels per day in 2022

The International Energy Agency (IEA) has predicted that global demand for oil and gas will increase and that oil demand…

4 years ago

OPEC projects 28.8m barrels per day oil demand for 2022

Mohammad Barkindo, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) has stated that the cartel's forecast for crude…

4 years ago

CBN allocates N41b through Heritage Bank for dry season wheat farming project

In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria earmarked a…

4 years ago

World oil demand grows by 5.7 mb/d in 2021 –OPEC

The Organization of the Petroleum Exporting Countries (OPEC) has disclosed that global oil demand growth in 2021 was 5.7 mb/d.…

4 years ago

Kano, Lagos demand a 1% increase in revenue allocation

Kano State Governor Abdullahi Ganduje says Kano and Lagos States are demanding 1 per cent in the new nation’s revenue…

4 years ago

Brent Crude soars above $80 amidst panic buying in UK

Brent crude futures climbed almost 1% to above $80 per barrel on Tuesday, a level not seen since October 2018,…

5 years ago

Oil prices plunge further

In China, there were 125 new virus cases on Friday, the highest since mid-January, with authorities reportedly launching new restrictions,…

5 years ago

Brent Crude declines to $70 per barrel

Brent crude futures traded around $70 a barrel on Thursday, the lowest since July 21 amid rising inventories and demand…

5 years ago

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