NNPC MASSIVELY STOCKPILES PMS TO SUSTAIN PRICE CRASH

September 11, 2017 AdminLeave a comment

A daily record of operations of the Nigerian National Petroleum Corporation (NNPC) has disclosed the corporation’s plans to sustain the petrol pump price crash it started last week with a healthy build-up of stocks.

WHY THERE WON’T BE OPEN BIDDING FOR NIGERIA’S REFINERIES‎ – KACHIKWU

May 26, 2017 AdminLeave a comment

The Minister of State for Petroleum Resources, Ibe Kachikwu has revealed that there will not be an open bidding for refineries’ repair.

OPEC WANTS ‘COLLECTIVE EFFORTS’ TO COUNTER US OIL OUTPUT

May 11, 2017 AdminLeave a comment

OPEC said Thursday that oil producers needed to make more joint efforts to match supply and demand in the oil market in the face of rising output in the United States.

US OIL OUTPUT TO HIT A RECORD IN 2018

May 10, 2017 AdminLeave a comment

The United States’ Energy Information Administration said domestic output of crude oil will climb to a record 9.96 million barrels a day in 2018, up from 9.9 million barrels projected last month, according to the agency’s monthly Short-Term Energy Outlook released May 9.

NIGERIA LOSES AFRICA’S TOP OIL PRODUCER POSITION TO ANGOLA

April 18, 2017 AdminLeave a comment

Sheds N83 billion in one month Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country lost its status as Africa’s top oil producer to Angola, according to latest data from the Organisation of Petroleum Exporting Countries (OPEC). With the cumulative loss of 4.8 million […]

LOCALLY-ASSEMBLED VEHICLES TO GET SPEED LIMITERS

As part of efforts to reduce the rate of speed-related accidents in Nigeria, the National Automotive Development and Design Council has directed all vehicle manufacturing plants in the country to install the speed-limiting device in their vehicles.
A deadline for compliance on the installation of the device in all vehicles being imported into the country has also been given.
AUTO POLICY CAUSING HIGH MARITIME JOB LOSSES – EXPERT

In a letter to President Muhammadu Buhari, a member of the Presidential Taskforce on Customs Reform, Mr. Lucky Amiwero, has called on the Federal Government to review the policy, due to its negative impact on the economy.
He said, “The impact associated with the implementation of the auto policy is as follows: the diversion of cars carrying vessel to neighbouring West African ports as a result of high tariff on imported vehicles; and the reduction of the maritime workforce by 70 per cent, which affects mostly licensed customs agents, importers, dealers and Nigerians abroad.”
UNDERSTANDING THE HISSING & SQUEAKY SOUND FROM TRUCKS

Ever wondered why trucks and buses make funny squeaking and hissing sounds? Well, the squeaking is the air escaping after braking and the hissing sound is the automatic bypass safety valves at work, ensuring the air pressure remains at the correct level.
Since a main advantage of air-brakes systems is their ability to use air to operate, the compressor is constantly kicking on and kicking off to refill the reservoirs with pressurized air. When the compressor builds too much air, the valves open, producing that loud hiss which probably gets some of us wondering…What the heck is leaking..lol!
SAFETY TIPS! COPING WITH POTHOLES

Hitting potholes can throw your vehicle\'s front end out of alignment. If you feel your car \"pulling\" during driving, that\'s a clue that you could have a problem.

Check the tread on your tyres. Uneven tread wear can be a sign of misalignment. If you hit a severe pothole, have the vehicle\'s alignment and tyre balance checked.

When you hit a pothole you can damage your tyre and/or the metal wheel of your vehicle. Keeping your tyres properly inflated will help reduce damage from potholes and other road hazards.

The impact of potholes on tyres increases dramatically with speed and can cause hidden, internal damage that could lead to tyre failure weeks, or even months, later. It\'s best to avoid potholes entirely, but if that\'s not possible, don\'t brake during the pothole impact. Instead, apply brakes before hitting a pothole and release them just before impact. Braking during the impact sets up the tyre and wheel assembly for a \"solid hit\" against the edge of the hole. Less severe damage occurs when a tyre is rolling than when it is skidding over a hole during braking.

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Tag: OPEC

NNPC MASSIVELY STOCKPILES PMS TO SUSTAIN PRICE CRASH

WHY THERE WON’T BE OPEN BIDDING FOR NIGERIA’S REFINERIES‎ – KACHIKWU

OPEC WANTS ‘COLLECTIVE EFFORTS’ TO COUNTER US OIL OUTPUT

US OIL OUTPUT TO HIT A RECORD IN 2018

NIGERIA LOSES AFRICA’S TOP OIL PRODUCER POSITION TO ANGOLA