Oil drops to $101 per barrel as U.S. Crude Oil Inventories Jump

July 21, 2022 Blueprint 0

Oil prices fell more than $3 on yesterday after higher U.S. gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns. Brent crude futures dropped $3.80, or 3.6 per cent, to $103.12 a barrel after slipping 0.4 per cent in the previous session. U.S. West Texas Intermediate crude futures fell $3.93, or 3.9 per Read More

JP Morgan and Nigeria’s crude oil thieves

May 23, 2022 Jerry Uwah 0

Nigeria is a strange country that does not worry about its economic calamities. Bystanders end up mourning more than the bereaved. The federal government pays lip service to Nigeria’s catastrophic oil theft. Ironically, JP Morgan, a leading American investment bank, is more worried about oil theft in Nigeria than the federal government itself. Two weeks ago, the American investment bank Read More

Vandalism: Navy nabs 13, recovers 3m litres of crude in Rivers

February 4, 2022 Blueprint 0

Troops of the Nigerian Navy Ship (NNS) Pathfinder have arrested 13 people suspected to be pipeline vandals and recovered about three million litres of crude oil and diesel in a major operation in Rivers. The Base Operations Officer, NNS Pathfinder, Port Harcourt, Cdr. Umar Sidi, told newsmen during the destruction of two illegal refining sites in Abise community, Akuku Toru Read More

Crude oil has failed Nigeria– Sen. Folarin

December 1, 2021 Blueprint 0

Chairman, Senate Committee on Local Content and the Senator representing Oyo Central Senatorial District, Senator Teslim Folarin Tuesday said crude oil is already failing Nigeria. Speaking at a 2-day intensive training he organised for pig farmers in Akinyele local government area of the state held at Kaybeetel Event Centre, Moniya, Ibadan, Senator Folarin stated that agriculture now remains the better Read More