Brent Nudges Up Towards $103

 Brent crude nudged up towards $103 per barrel on Tuesday but overnight gains may prove fragile in the face of persistent supply pressure and weak economic data in major consumer countries. The global oil benchmark is set for a second monthly decline in August as slow growth in China and Europe has curbed oil demand and led to a supply glut in the Atlantic Basin. That ample supply has negated...

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Nigeria Records 34,042 Cases Of Pipeline Vandalism In 14 yrs

 From the first recorded case of pipeline vandalism and rupture in 1999 within Nigeria, there have been 34,041 other cases in five major states in the country since then, according to the Pipelines and Products Marketing Company, PPMC. From inception case date to 2013. ‎The five major areas where vandals carry out their nefarious operations, often referred to as ‘hot spots’, include Gombe,...

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Oshiomhole Urges Action Against Oil Thieves

 Governor Adams Oshiomhole of Edo State wants the federal government to take drastic action against pipeline vandals and oil thieves to serve as deterrence to others. The governor who spoke during a courtesy visit by the Joint Task Force on Protection of Oil & Gas Pipelines led by the Commandant-General of the Nigerian Security and Civil Defence Corps, Dr. Ade Abolurin at the Government...

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