By George Agba and George Okojie There are indications that some agencies under the Nigerian National Petroleum Corporation (NNPC) may be scrapped as part of the reforms being initiated by President Muhammadu Buhari. The president hinted this yesterday when he listed the removal of bureaucratic bottlenecks created by multiple government agencies as one of the […]
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April 2, 2015 Source: U.S. Energy Information Administration, based on Evaluate EnergyNote: Hedging is a financial risk-reduction strategy that market participants can use to lock in future prices. The decline in crude oil prices since last summer has had a direct impact on oil producers’ sales revenue, but hedging strategies have lessened the effects of […]
February 11, 2015 Source: U.S. Energy Information Administration, International Energy Agency, METI Previously one of the world’s largest producers of nuclear-generated electricity, Japan has relied heavily on fossil fuels following the meltdown at Fukushima Dai-ichi and subsequent shutdown of the country’s nuclear fleet. In 2013, when almost all of Japan’s nuclear fleet was shut down, […]
October 31, 2014 Source: U.S. Energy Information Administration, Petroleum Supply Monthly The United States exported 401,000 barrels per day (bbl/d) of crude oil in July 2014, the and the second highest monthly export volume since 1920, when EIA’s published data starts. Recent crude oil exports are also noteworthy for both their origins and destinations. As […]
August 7, 2014 Source: U.S. Commerce Department, comprises establishments that extract naturally occurring mineral solids, such as coal and ores, crude petroleum, and natural gas. The data are converted to real (2009$ ) GDP by state by applying national chain-weighted price deflators. At the national level, establishments that extract crude oil and natural gas as […]