Brent crude futures fell US$1.08, or 1.2%, to US$91.75 a barrel by 0644 GMT after slipping 3% in the previous session
Nigeria has agreed with Dangote Refinery to supply 300,000 barrels of crude per day for 20 years.
The West African nation is hoping to end petroleum products importation with the coming into force of this agreement.
Gbenga Komolafe, commission chief executive of Nigerian Upstream Petroleum Regulatory Commission, talks to The Energy Year about the steps the company is taking to foster technological advancement and how it plans to support Nigeria’s energy transition.
Brent crude was down 26 cents, or 0.3%, to US$95.48 at 0815 GMT US West Texas Intermediate (WTI) inched up from Monday to US$89.19, up US$2.32 or 2.7% from Friday’s close
Government will be embarking on a roadshow in some major oil and gas countries to expose investors to the heavy potential of petrochemicals in Ghana’s shores.
The Dutch month ahead wholesale gas price, a benchmark for Europe, was up as much as 26% on Monday, before falling back slightly.
The Ghana Journalists Association (GJA) and the Public Interest and
Accountability Committee, PIAC have rekindled their commitment
“Three decades from now the vast majority of energy will come from hydrocarbons.” This prediction was made earlier this week by Chris Wright, chief executive of Liberty Energy, the second-largest fracking services provider in the U.S.
Despite sanctions and pledges to stop buying Russian crude, the country’s oil output has continued to exceed expectations.
China has locked down the city of Chengdu, beginning today, as the latest demonstration of its zero-Covid strategy.