Tag: Inventory
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NNPC: Reps mandate committees to probe consolidated inventory for smooth transition
By Emman Ovuakporie The House of Representatives has mandated its Committees on Finance, Petroleum Resources (Upstream), Petroleum Resources (Downstream) and Gas Resources to conduct an in-depth probe into the consolidated Inventory, Assets, Interest and Liabilities of the Nigerian National Petroleum Corporation, NNPC and its subsidiaries to ensure a legitimate transition process of NNPC/NNPC Limited. TheNewsGuru.com,…
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Oil rises to $53 approximately as inventory overhang erodes
Oil prices rose on Thursday lifted by a sustained decline in inventories and Saudi Arabia’s preparedness to cut crude supplies to its prized Asian customers. Brent crude futures were 52.99 dollars a barrel by 0855 GMT, while US West Texas Intermediate crude was up 17 cents at 49.73 dollars. Crude is down nearly seven per…