Oil price tops $100 a barrel amid IEA plans for 'largest' reserve release | TheCable

“Despite these unprecedented volumes, doubts remain whether this incoming flood of supply will address the shortfall in Russian crude,” ReutersJPMorgan expects the release of the reserves to “go a long way in the short term” to make up for the 1 million barrels per day of the Russian oil supply it expects to remain permanently offline.

While Russia has found Asian buyers, Western buyers are shunning the country’s oil over the Ukraine crisis. In Nigeria, despite high oil prices, the decade-long petrol subsidy, also known as under-recovery, continues to erode gains. On Thursday, President Muhammadu Buhari requested the approval of N4 trillion as payment for petrol subsidy in 2022. The president also asked the national assembly to review components of the 2022 budget, including the oil benchmark.

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‘It’s an elitist business’ — Mele Kyari seeks special court for oil theft cases – TheCableMKKyari NNPCgroup HouseNGR Which oil theft , all the oil are going to Niger 🇳🇪 in their own refinery funny people, u took money and build a refinery in Niger republic . Anyway the story will come up when they leave power MKKyari NNPCgroup HouseNGR How many people re currently under trial for Oil theft .You want constitutional ammendments before you can be able to guide and institution you swore to protect. Please come down from that sit MKKyari NNPCgroup HouseNGR Why do we have Northerners heading NNPC? What's the reason ?
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