The Oil Bloc
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Government has no business running refineries — Osinbajo

Vice President, Prof. Yemi Osinbajo, says the problems associated with Nigeria’s refineries will persist if the Federal Government continues to own and run them, saying that the Federal Government has no business running oil refineries in Nigeria.

NNPC announces a trading surplus of N20.4bn

The Nigerian National Petroleum Corporation, NNPC, says it made a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June.

Saudi Energy Minister sends warning to oil market gamblers

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has warned traders against betting heavily in the oil market saying he will try to make the market “jumpy” and promised those who gamble on the oil price would be hurt “like hell”.
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