Producers agonise in oil price slump
By Sonny Atumah The downbeat demand for global oil is on. No one wants oil now. Refineries are not processing more crude. Manufacturing demand for crude is weak. The global oil stockpiles continue to build with caverns almost full to their brims. Supertankers or very large crude carriers heavily laden with 160 million barrels of […]
As Qatar quits OPEC
After about 58 years of membership of the Petroleum Exporting Countries, OPEC, the Qatari government on Tuesday January 1, 2019, finally exited the oil cartel which it joined in 1961.
Buhari in ‘relay anchor’ for refineries rehabilitation
Many Nigerians may not know that there are refineries in Nigeria. Our four refineries have been comatose in a quarter of a century. Those who know that four refineries exist in Nigeria, wonder day and night why their national infrastructures in Port Harcourt (1&2), Warri and Kaduna would operate at zero level.
The Vice Presidential ‘applicants’ subsidy puzzle
The subsidy of gasoline or premium motor spirit, PMS was an issue in the Vice Presidential debate last week. The belief is that Nigeria has been entrapped by subsidy since 2011 when the Federal Government envisioned the idea of subsidy removal.
French fuel taxes protests and climate change
The French government, last week, succumbed to the sustained nationwide protests against higher fuel taxes. President Emmanuel Macron had planned tax increase on gas by 2.9 cents and diesel by 6.5 cents a litre. It sparked revolt from Saturday, November 17, 2018; with protesters numbering about 280,000.
The G20 and global warming confusions
The Group of 20 nations, G20 last week met in Buenos Aires, Argentina, on November 30-December 1, 2018, to build consensus for fair and sustainable development through an agenda that is people-centred, inclusive and forward-looking.
