IEA Says Global Oil Demand Under Threat From Electric Cars, Cleaner Fuel
Yemisi Izuora The International Energy Agency, IEA, has said that oil demand is not expected to peak before 2040. The IEA’s central scenario is for demand to grow by around…
Energy
Energy
US Shale Production Predicted To Hit 7.94 mbpd By December
Yemisi Izuora The U.S. crude oil output from seven major shale basins is set to hit a record of 7.94 million barrels per day (bpd) in December, according to a…
IEA Says Oil Entering Uncertain, Volatile Period
Yemisi Izuora The International Energy Agency, IEA, has warned that oil markets are entering a period of renewed uncertainty and volatility, including a possible supply gap in the early 2020s.…
Inadequate Finance Hindering Efforts To Achieve Global Energy Needs- Report
Yemisi Izuora A new report has disclosed that finance required to close global energy access gaps remains dramatically short of what is needed to meet global energy goals by 2030, …
NNPC Warns Of Dangers In Breaching Pipelines… Regrets Lifeless Body Found In Its Pipeline Yemisi Izuora
The Nigerian National Petroleum Corporation (NNPC) has warned vandals and other miscreants to stay clear of the corporation’s facilities including pipelines. NNPC Group General Manager, Group Public Affairs Division,…
OPEC Secretary Assures Nigeria, Global Oil Community Of Sustainable Market Stability
Yemisi Izuora The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, led a panel discussion at Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), following…
Nigeria’s 40 Billion Crude Oil Reserve Target Not Realisable- NAPE
Yemisi Izuora The Nigerian Association of Petroleum Explorationists (NAPE), has said that absence of fiscal policy will continue to retard investments flow in Nigeria’s oil and gas industry, such that…
China Assumes World Top Importer Of Natural Gas
Yemisi Izuora China’s fight against pollution has increased its demand for natural gas and has overtaken Japan to become world’s top importer of natural gas. Beijing’s crackdown on pollution has…
Oil Prices Slides As Pressure Mounts On OPEC Not To Cut Supply
Yemisi Izuora Oil prices ahed 1 per cent on Tuesday, with Brent crudesliding below $70 and West Texas Intermediate, WTI went below $60 per barrel, after U.S. President Donald Trump…
Natural Gas To Become Worlds Largest Energy Source By 2030- IEA
Yemisi Izuora The International Energy Agency (IEA), on Tuesday, said that Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due…
