At $63, Crude Oil Price Hits 13-month High Nigeria to eliminate gas flaring by 2025
Emmanuel Addeh and Udora Orizu in Abuja Oil prices yesterday maintained their upswing, hitting their highest in about 13 months on the back of vaccine rollouts
expected to increase demand even as producers kept supply reined in. Global benchmark, Brent Crude, was up 88 cents, or 1.4 per cent, at $63.31 a barrel after climbing to a significant
high of $63.76, the highest since January 22, 2020. Also, US West Texas Intermediate (WTI) crude futures gained $1.14, or two per cent, to $60.61 a barrel, touching $60.95, its highest
since January 8 last year. The upswing in oil prices came as the federal government yesterday unfolded plans to stop gas flaring in the next four years. Oil prices have rallied over
recent weeks as supplies tighten, due largely to production cuts from the Organisation of the Petroleum Exporting Countries (OPEC) and allied producers in the group OPEC+.
Russian Deputy Prime Minister Alexander Novak said the global oil market was on a recovery path and the oil price this year could Continued on page 8
FG Targets Vaccinating 109 Million Nigerians in Two Years... Page 6 Tuesday 16 February, 2021 Vol 26. No 9445. Price: N250
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North-west Govs Seek More Time for Ranching Kingsley Nweze, Chuks Okocha in Abuja and John Shiklam in Kaduna
INSECURITY ON THE AGENDA... L-R: Kebbi State Governor, Senator Atiku Bagudu; Kaduna State Governor, Malam Nasir el-Rufai; Plateau State Governor, Mr. Simon Lalong; National Security Adviser, Maj. Gen. Babagana Monguno; Chief of Defence Staff, Maj. Gen. Lucky Irabor; and Chief of Army Staff, Maj. Gen. Ibrahim Attahiru, during the meeting of security chiefs and North-west governors in Kaduna…yesterday
Apparently apprehending open grazing as the root cause of the prevailing tension between herders and Continued on page 8
Victorious Okonjo-Iweala Pledges to Rebrand, Reform WTO as DG
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