Tag: Oil

Wabote: Oil Assets Divestments Will Boost Production, Employment  
October 12, 2023 No Responses

Wabote: Oil Assets Divestments Will Boost Production, Employment  

The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment of some assets by select international oil and gas companies and concomitant acquisition by Nigerian operating...
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Toyota Nigeria Rolls Out Lubricant  
August 8, 2023 No Responses

Toyota Nigeria Rolls Out Lubricant  

Toyota Nigeria Limited (TNL) has launched a lubricant called Toyota Genuine Motor Oil into the nation’s market. According to the Managing Director, Toyota Nigeria Limited, Mr Kunle Ade-Ojo, the Toyota Genuine Motor Oil manufactured by Idemitsu of Japan, ...
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Oil Extends Gains On Higher Demand
May 23, 2023 No Responses

Oil Extends Gains On Higher Demand

Oil prices continued to climb on Tuesday with investors expecting a tighter market led by a seasonal rise in gasoline demand and supply cuts from OPEC+ producers, though concerns over the risk of a U.S. debt default capped gains. Reuters...
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OPEC Predicts 2m Barrels Per Day Shortfall By Year End
April 14, 2023 No Responses

OPEC Predicts 2m Barrels Per Day Shortfall By Year End

The oil market is heading for a significant shortfall of around two million barrels per day at the end of the year as a result of a production cut by major producers. The Organisation of the Petroleum Exporting Countries (OPEC)...
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