Sunday, December 5, 2021


Oil Prices Rise As Focus Shifts To OPEC+ Meeting

In the morning, a barrel (159) of North Sea Brent crude for delivery in February cost 69.77 dollars, 90 per cents more than the previous day.

Nigeria Crude Oil Production Averaged 1.451 Mb/d In September – OPEC

It also noted that Nigeria’s non-oil economic activities grew despite the lingering effects of the current COVID-19 wave.

World Oil Demand To Increase By 5.8 Mb/d In 2021 – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) says world oil demand will increase by 5.8 million barrels per day in 2021.

Oil Prices beyond $100 PB Could Lead To Market Collapse – Oil Giant

The head of Russian energy giant Lukoil, Vagit Alekperov, warns of a market crash in case oil prices rise above 100 dollars per barrel.

Oil Accounts For 10% GDP, 86% Export Earnings – Sylva

Sylva said oil and gas occupied a central place in Nigeria’s development equation, being a big producer and marketer of the products.

Experts Kick Against N900B Petrol Subsidy Payment In 2022

Financial experts have kicked against the proposed N900 billion for petrol subsidy in 2022 and backed the Federal Government on its total...

Oil Prices Stagnate As OPEC+ Continues Negotiations

Oil prices have hardly moved at the start of the week, as a cautious market awaits stalling talks between the major oil-producing...

OPEC Forecasts Oil Supply Deficit In August

Organisation of Petroleum Exporting Countries,' OPEC's, forecasts point to an oil supply deficit in August and in the rest of 2021 as...

OPEC To Mark 50th Anniversary Of Nigeria’s Membership

Organisation of Petroleum Exporting Countries (OPEC) will on July 12 mark the 50th anniversary of Nigeria’s membership in the organisation.https://scudnewsng.com

Nigeria To Move Away From Dependence On Crude Oil —NEPC

The Nigerian Export Promotion Council (NEPC) says Nigeria will soon move away from total dependence on crude oil to exporting non-oil resources...

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Archbishop Of Paris Resigns Amid Allegation Of Romantic Relationship

Aupetit had been Archbishop of Paris since 2017 and was thus a high-ranking representative of the Catholic Church in France.

Federal High Court To Begin Christmas Vacation On Dec 20

“Due to sudden overriding official engagements, the New Legal Year ceremony will now begin on December 16 to December 17.

Kaduna Set To Sack 233 Teachers Working With Fake Certificates

He said the state would soon conduct competency tests for its teachers, adding that the test would be followed up with a series of training.

NCC Qualifies MTNN, Airtel For 3.5Ghz Spectrum Auction

Adinde said the mock auction was scheduled for December 10, while the main auction will hold on December 13, both in Abuja.

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