President-elect Donald Trump has pledged to boost the oil and gas sector and bring back coal, reversing President Barack Obama’s efforts to encourage renewable energy and cut dependence on fossil fuels.
But analysts say Trump’s policies could serve to worsen the global energy glut, which would reduce prices while doing little to revive the fortunes of “Big Coal.”
Trump has made no secret of his support for fossil fuels. His policy advisors include top oil industry lobbyists, fracking king Harold Hamm, and […]
Consumers paid an average monthly price of N310 per litre for Household Kerosene (HHK), across the 36 States and Federal Capital Territory (FCT), according to the latest report from the National Bureau of Statistics (NBS).
The price is even more in Abia, Adamawa, Akwa Ibom, Bayelsa, Borno and Cross River at N362, N323, N321, N312 and N350 respectively.
Analysing the report in gallons, the agency said that a gallon of HHK sold for N1, 025 per in Kano, N1,144 per gallon in […]
As a result of the hard economic times, prostitutes in Brazil have slashed their prices to help them attract more customers.
According to reports, prostitutes in Rio de Janeiro’s red light district are offering a ‘s*x sale’ for visitors to the Olympic Games as they fear the hard times might not bring customers.
Many men will feel lucky as the s*x workers have now slashed their prices in the city’s notorious Vila Mimosa.
Now, with a month to go before the games, they […]
The prices of tomatoes, rice and garri, which went up at the turn of the season, have yet to come down in most markets in Lagos metropolis, the News Agency of Nigeria (NAN) reports.
The survey, which was carried out at Mile 12, Whitesand and Iddo markets in Lagos on Friday, revealed that the high price was mainly due to off season effects.
The survey revealed that a basket of tomatoes which previously cost N26, 000 was being sold for between N28, […]
The Organisation of Petroleum Corporation (OPEC) has attributed the increase in crude oil prices to supply disruptions in Nigeria and Iraq, and signs that US shale oil output is shrinking.
OPEC said tht US refiners were providing support, with utilization above 89 per cent, as plants returned from maintenance ready to meet buoyant gasoline demand.
Besides, Nigeria’s crude oil production has declined by 67,500 barrels per day in March to 1.67 million barrels per day. The country had earlier recorded 1.74 million […]