MPN GLOBAL VENTURES engages in the export of crude oil from Nigeria and as well as import of refined Petroleum Products into Nigeria. As a link agent between the supplier/seller and buyer of Bonny Light Crude Oil (BLCO), FORCADOS (FLCO) Light Crude Oil, QUA IBOE, JET FEUL, DPK-KEROSINE, MAZUT, LPFO in Nigeria. The company was registered and established in Nigeria in the year 2009, November the 11Th and approved by corporate affairs commission (CAC), Federal Republic of Nigeria.
Sunday, March 30, 2014
Shell Nigeria Declares Force Majeure on Forcados Oil Exports
IBADAN, Nigeria--Royal Dutch Shell PLC's (RDSA, RDSA.LN) Nigerian unit said Tuesday it has declared force majeure on the shipping of the Forcados oil blend from Nigeria after it shut an export pipeline due to a leak.
Saturday, March 29, 2014
Crude above $101 a barrel on higher than expected US GDP; supply worries
The price of oil advanced past US$101 a barrel Thursday following an upward revision to U.S. growth figures and ongoing concerns about tight supplies.
Benchmark West Texas Intermediate crude for May delivery rose $1.02 to close at US$101.28 on the New York Mercantile Exchange. That is the highest closing price in three weeks. On Wednesday, oil jumped $1.07 to close at US$100.26.
Benchmark West Texas Intermediate crude for May delivery rose $1.02 to close at US$101.28 on the New York Mercantile Exchange. That is the highest closing price in three weeks. On Wednesday, oil jumped $1.07 to close at US$100.26.
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