Author name: Siim

EXCLUSIVE: Nigeria’s Warri Refinery Only Produces Diesel, Kerosene For Now, Not Petrol As Two Of Three Plants Remain Moribund —Sources

EXCLUSIVE: Nigeria’s Warri Refinery Only Produces Diesel, Kerosene For Now, Not Petrol As Two Of Three Plants Remain Moribund —Sources

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SaharaReporters had earlier reported that the Warri Refining and Petrochemicals Company (WRPC) was said to have resumed production in Delta State. The Warri Refining and Petrochemicals Company (WRPC), with a capacity of 125,000 barrels per day, which was announced to have resumed production in Warri, Delta State, is producing only Automotive Gas Oil (AGO) otherwise […]

EXCLUSIVE: Nigeria’s Warri Refinery Only Produces Diesel, Kerosene For Now, Not Petrol As Two Of Three Plants Remain Moribund —Sources Read More »

“We had a band powerful enough to turn goat p*** into gasoline”: When it comes to Donald ‘Duck’ Dunn’s huge catalog of bass grooves, this ear-catching line from The Blues Brothers is a great place to start

“We had a band powerful enough to turn goat p*** into gasoline”: When it comes to Donald ‘Duck’ Dunn’s huge catalog of bass grooves, this ear-catching line from The Blues Brothers is a great place to start

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“We had a band powerful enough to turn goat piss into gasoline.” Edgy and direct, this Donald ‘Duck’ Dunn line from the 1980 film The Blues Brothers is a fitting eulogy for the legendary bassist, who passed away on May 13 2012. Born in 1941, Dunn put the music of his Memphis hometown on the

“We had a band powerful enough to turn goat p*** into gasoline”: When it comes to Donald ‘Duck’ Dunn’s huge catalog of bass grooves, this ear-catching line from The Blues Brothers is a great place to start Read More »

OPEC’s ability to influence global oil prices greatly weakened – Expert 

OPEC’s ability to influence global oil prices greatly weakened – Expert 

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The Organization of the Petroleum Exporting Countries (OPEC) may no longer wield the market-shaping power it once did over global oil prices. This is the perspective shared by Patrick De Haan, Head of Petroleum Analysis at GasBuddy, during his appearance on CNBC’s Fast Money on Friday. De Haan underscored the challenges facing the oil cartel,

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USD/CAD depreciates to near 1.4400 as improved Oil prices support the Canadian Dollar

USD/CAD depreciates to near 1.4400 as improved Oil prices support the Canadian Dollar

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USD/CAD faced a minor challenge of improved crude Oil prices. Oil prices are set for weekly gains as reports suggest that European energy firms focus on Oil rather than renewables. The Canadian Dollar may struggle due to rising expectations of the BoC easing rates to support growth. USD/CAD remains tepid following two days of gains,

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OPEC+ lacks ability to push global oil prices beyond $70 per barrel, says expert 

OPEC+ lacks ability to push global oil prices beyond $70 per barrel, says expert 

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OPEC+ does not have the capacity to push oil prices significantly higher, according to global energy market expert and founder of Vanda Insights, Vandana Hari. Speaking with CNBC, Hari noted that while the oil-producing cartel has managed to remain cohesive despite market speculation, its ability to influence prices beyond a certain point is limited. According

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Crude Oil jumps above $70 with traders bracing for API ahead of Christmas

Crude Oil jumps above $70 with traders bracing for API ahead of Christmas

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Oil prices are rallying higher near 1%, with traders set to head into the Christmas holidays.  Markets are catching up on some headlines about further stimulus in China, one of the top global consumers.  The US Dollar Index trades just below its current two-year high as volatility winds down.  Crude Oil prices are trading higher on

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Experts reveal why petrol prices are dropping in Nigeria

Experts reveal why petrol prices are dropping in Nigeria

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Nigerians are experiencing intense rivalry in the petroleum industry between the Dangote Refinery and the NNPC The two companies, which control the Dangote Refinery and the Port Harcourt refinery, both crashed petrol prices to N899 per litre Experts have attributed the price drop to a decline in crude oil prices in the international market. Legit.ng’s

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