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Refinery outages in Nigeria, others to boost petrol sales

London-based market intelligence firm, S&P Global Platts, believes that refinery outages in Nigeria and other African countries will boost gasoline demand, a situation that will, in turn, brighten Asian and European markets’ chances of earning bigger revenue.

Bidders scramble for Exxon’s U.K. North Sea assets

Bidders from state-owned companies to private equity-backed firms have been attracted to Exxon Mobil Corp.’s U.K. North Sea assets. This is as the U.S. oil giant seeks to exit the ageing region altogether, according to people with knowledge of the matter.

Foreign investors losing trust in Nigeria’s oil sector

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has raised the alarm that Nigeria was fast losing foreign investors confidence in the oil and gas sector, saying there is a need for Nigeria to act fast and address the loss.

Libya’s oil output to increase as blockade ends

Libya's National Oil Company (NOC) has said it expected oil production to rise to 260,000 barrels per day (bpd) next week, as the OPEC member looks to revive its oil industry, crippled by a blockade since January.
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