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Oil and Gas

Analysing the Petroleum Industry Bill

The passage of the Petroleum Industry Reform Bill (PIRB) was recently listed as a milestone in achieving the policy objective of the 7 Big Wins, a road map of the Nigerian oil and gas industry, which aims at restructuring and repositioning the industry. The passage

Indication of Interest – Seeking crude oil suppliers

Commodity Port has been engaged by a credible multinational buyer to source crude oil suppliers willing to deliver up to 15 million barrels. Commodity Port is currently compiling a shortlist to present back to the client and are keen to hear from suppliers that can

Oil futures settle higher, but snap streak of 4 weekly gains in a row

Those factors—bullish for oil prices—outweighed a disappointing jobs report showing companies added 160,000 new jobs to the U.S. workforce in April, compared with economists’ forecasts of 203,000, according to the Labor Department. A weaker jobs reports suggest tepid demand for oil. The continued spread of forest