Business Energy

Oil prices anticipate tight market by mid-2021 – Report

  U.S. petroleum inventories are falling towards more normal levels as the glut earlier this year caused by volume warfare among OPEC+ members and the first wave of epidemic-driven lockdowns is gradually absorbed. Falling inventories are likely to herald a tighter production-consumption balance and a cyclical upswing in both spot prices and calendar spreads next […]

Energy

Oil majors look to bolster security in Nigeria

  Major oil companies have asked local authorities to boost surveillance on oil-producing and oil and infrastructure assets in Nigeria following protests against police brutality and plans for oil job cuts, three industry sources told Reuters on Wednesday. The protests and the expected job cuts are further aggravating the unemployment in the Niger Delta, Nigeria’s oil-producing region, […]

Energy

BEDC to improve power supply in Igarra, environs

  In attempt to significantly improve power supply to Igarra town and other communities in Akoko Edo LGA of Edo State, BEDC has finalized the design, and at the stage of awarding contract for the construction of a 33KV line from Okpella to Igarra. The project once completed, it was gathered, will change the source […]

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