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Tags: OPEC

Propane’s role in improving health, environmental standards

In India, Indonesia, China, parts of Africa and developing nations around the world, many women are spending hours every day cooking over flames fueled by wood, charcoal, animal dung or kerosene. In order to feed themselves and their families, they are exposed to deadly air pollutants produced by these fuels. According to the World Health Organization… READ MORE

Propane production consistently exceeding 2 million bpd

Propane production consistently exceeding 2 million bpd

Throughout the summer, we monitor inventory builds very carefully and provide data and analysis in our daily reports. By this time of year, we usually start monitoring heating degree-days and only report on the inventory data when the Weekly Petroleum Status Report from the Energy Information Administration is released. We typically make the switch when… READ MORE

Kachikwu: Nigeria to Earn $2bn in the Short-term from Proposed Fiscal Policies for Oil Industry

Kachikwu: Nigeria to Earn $2bn in the Short-term from Proposed Fiscal Policies for Oil Industry

Nigeria is eyeing at least $2 billion in the short-term, and $9 billion in the long-term from the rollout of a new fiscal policy it has initiated for her oil and gas industry, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed. Kachikwu, in his monthly podcast for the period of November… READ MORE

Despite Cap Agreement Exemption, Nigeria Still Under OPEC Pressure

Despite Cap Agreement Exemption, Nigeria Still Under OPEC Pressure

After voluntarily agreeing to participate in the decision of OPEC and its non-members to cap oil production levels to stabilise price, Nigeria reaffirms commitment to the agreement in the face of fresh pressure. Chineme Okafor writes After a December 2016 meeting in which Nigeria participated actively, the Organisation of Petroleum Exporting Countries and 11 non-OPEC… READ MORE

Nigeria: Oil Price Hits $54.25 P/B As Opec Predicts High Demand, Market Stability

Nigeria: Oil Price Hits $54.25 P/B As Opec Predicts High Demand, Market Stability

The price of crude oil has stabilised at $54.25 as the Organisation of Petroleum Exporting Countries, OPEC, predicted increased stability of the market, yesterday. The price, which was also over $54 per barrel the previous day was said to have stabilised at that level because of the near balance of demand and supply in the… READ MORE

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