Era of cheap oil coming to an end- IEA
The era of cheap oil may soon come to an end, if the prediction of the International Energy Agency, IEA, is anything to go by. The IEA said that there will be rise in oil price due mainly to unplanned outages and disruptions in places like Canada, Nigeria, and Libya. According to the Agency, it is expected that the oil market will be balanced for the rest of the year, meaning the world will pump roughly as much oil as it consumes. That should nudge prices higher. Oil is currently trading around $50 a barrel, double the nadir reached earlier this year.
SENATE FORGERY: Saraki, Ekweremadu, others for arraignment today
—Embattled Senate President, Dr. Bukola Saraki and his Deputy, Ike Ekweremadu, are to be arraigned before an Abuja High Court sitting at Jabi, today on a two-count charge of conspiracy and forgery.
Enyimba ‘ll bounce back – Udoh
Enyimba have put behind them a CAF Champions League home loss to Zamalek of Egypt and they now hope to get a result in their next game at Mamelodi Sundowns in South Africa, according to star striker Mfon Udoh.
Local content: Regulators worried by lull in oil sector
Regulatory agencies in Nigeria’s oil and gas sector are worried that efforts to grow local technology and human capital through the Nigerian Content Development law could be hampered by the prevailing lull in the industry. In the last three years, there has been apathy by investors to commit to new projects in Nigeria owing to the inability of the government to pass the Petroleum Industry Bill (PIB) into law and spell out clear fiscal terms for investors, especially on deep offshore projects.
Ize-Iyamu’ll be easiest for Obaseki to beat — Oshiomhole
GOVERNOR Adams Oshiomhole of Edo state says the September 10, 2016 governorship election in the state will be a walk over for his party, the All Progressives Congress (APC), with the emergence of Pastor Osagie Ize-Iyamu as the candidate of the People’s Democratic Party.
Croatia’s Modric, Rakitic offer Spain mirror image
Boasting the quality and experience of Real Madrid and Barcelona stars, Luka Modric and Ivan Rakitic, Croatia’s array of midfield talent provides a mirror image to Europan champions Spain’s army of midfield maestros.
