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NNPC records ₦24.19bn trading surplus

The Nigerian National Petroleum Corporation (NNPC) has announced an increase of ₦24.19billion trading surplus in December 2020, compared to the ₦13.43billion surplus recorded in November of the same year.

ADNOC deepens crude supply cuts to Asia

Abu Dhabi National Oil Company (ADNOC) has deepened crude oil supply cuts to Asian customers in June to 10-15% from 5-15% in May, one week ahead of an OPEC+ meeting.

N120bn fuel subsidy unsustainable, NNPC says

The Nigerian National Petroleum Corporation (NNPC) NNPC says it can no longer afford to bear the N120 billion monthly subsidy cost it expends on Premium Motor Spirit (PMS) popularly known as petrol, saying Nigerians would have to pay the actual cost sooner or later.

BP sees 10% drop in overall emissions

BP Plc said on Monday that its greenhouse gas emissions dropped 10% to around 374 million tonnes of carbon dioxide equivalent in 2020 from its oil fields to its clients’ car exhausts.
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