SENATE QUERIES NNPC OVER HIGH COST OF PRODUCTION

Sanni Onogu, Abuja (Nation Newspaper) Members of the Senate Committee on Finance on Monday queried the Nigerian National Petroleum Corporation (NNPC) over what they described as “very high cost of oil production in Nigeria”. The Senators made this known while hosting the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed and other heads…

CRUDE OIL UPDATE AS AT 02/06/2020

Oil prices rose on with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week. Prices found support after news that the Organization of the Petroleum Exporting Countries and Russia, known as OPEC+, were moving closer to a compromise…