Tag: Oil

  • Oil Tops $100 As US-Iran Conflict Deepens Supply Fears

    Oil Tops $100 As US-Iran Conflict Deepens Supply Fears

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    by

    Starnews NG
    in

    By Opeyemi Adelakun Global crude oil prices have moved above $100 per barrel as renewed military confrontation between the United States and Iran raises concerns over disruptions to supplies from the Middle East. Brent crude, the international benchmark, climbed to about $101.20 per barrel on Wednesday after gaining more than three per cent during the…

  • NUPRC Registers 172 Host Community Trusts, Enforces 3% Oil Levy

    NUPRC Registers 172 Host Community Trusts, Enforces 3% Oil Levy

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    by

    Starnews NG
    in

    By Opeyemi Adelakun The Nigerian Upstream Petroleum Regulatory Commission has registered 172 Host Communities Development Trusts established by oil and gas companies under the Petroleum Industry Act. The development comes as the regulator intensifies enforcement of the PIA provision requiring oil and gas companies, known as settlors, to contribute three per cent of their operating…