Adams Natural Resources Fund, Inc.

PEO

US00548F1057

Closed End Funds

Market Closed - Nyse Other stock markets 04:10:00 2024-09-05 pm EDT			5-day change	1st Jan Change
22.37 ^USD	-1.06%		-4.40%	+8.43%

Aug. 01	Adams Natural Resources Fund, Inc. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Jul. 18	Adams Natural Resources Fund Declares Distribution, Payable August 30, 2024	CI

Shettima Meets Lokpobiri, Kyari Over Fuel Price Hike

September 06, 2024 at 02:06 am EDT

* Minister appeals for calm

Deji Elumoye

Vice-President Kashim Shettima, on behalf of President Bola Tinubu, met on Thursday with the authorities of the nation's petroleum sector.

The meeting was part of government's move to douse tension over the recent hike in petroleum pump price and the scarcity of the product across the country.

The emergency meeting, which took place at the vice-president's office in the State House Abuja, had the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri; the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari; and the National Security Adviser (NSA), Nuhu Ribadu, in attendance.

NNPC Limited had on Tuesday directed its fuel sales outlets to increase their pump prices from the average of N617 to N897, a development which has almost immediately spiked prices, including market commodities and transportation.

Addressing newsmen after the meeting, the Minister of State for Petroleum Resources, Lokpobiri, while assuring the public that the fuel crisis would soon be resolved, said NNPC has sufficient fuel supplies to meet national demand.

He urged Nigerians to remain calm, adding that increased availability of petroleum products would foster competition and drive down prices.

Lokpobiri further stressed that government was not responsible for the recent hikes in fuel costs.

Details later...

Latest news about Adams Natural Resources Fund, Inc.

Adams Natural Resources Fund, Inc. Reports Earnings Results for the Half Year Ended June 30, 2024	Aug. 01	CI
Adams Natural Resources Fund Declares Distribution, Payable August 30, 2024	Jul. 18	CI
Adams Natural Resources Fund Declares Distribution, Payable on May 31, 2024	Apr. 18	CI
Adams Natural Resources Fund, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 20	CI
Adams Natural Resources Fund, Inc. Declares Distribution, Payable March 1, 2024	Jan. 18	CI
Adams Natural Resources Fund, Inc. Declares Year-End Distribution, Payable on December 15, 2023	Nov. 09	CI
Adams Natural Resources Fund, Inc. Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-07	CI
Adams Natural Resources Fund, Inc. Declares Distribution, Payable on September 1, 2023	23-07-20	CI
Adams Natural Resources Fund, Inc. Announces the Election of Christine M. Sloan as Treasurer	23-04-20	CI
Adams Natural Resources Fund, Inc. Declares Distribution, Payable on June 1, 2023	23-04-20	CI
Adams Natural Resources Fund, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-15	CI
Adams Natural Resources Fund, Inc. Appoints Gregory Buckley as Executive Vice President	23-01-25	CI
Adams Natural Resources Fund, Inc. Declares Distribution, Payable on March 1, 2023	23-01-19	CI
Adams Natural Resources Fund Declares Year-End Distribution Payable on December 16, 2022	22-11-10	CI
Adams Diversified Equity Fund, Inc. and Adams Natural Resources Fund, Inc. Announces CEO Changes	22-09-07	CI
Adams Natural Resources Fund, Inc. Reports Earnings Results for the Half Year Ended June 30, 2022	22-08-01	CI
Adams Natural Resources Fund Declares Distribution, Payable September 1, 2022	22-07-21	CI
Adams Diversified Equity Fund and Adams Natural Resources Fund Elects Kenneth J. Dale to Serve as the Non-Executive Chairperson of the Boards of Directors	22-04-21	CI
Adams Natural Resources Fund Declares Distribution, Payable June 1, 2022	22-04-21	CI
Adams Natural Resources Fund, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-23	CI
Adams Natural Resources Fund Declares Distribution, Payable March 1, 2022	22-01-20	CI
Jane Musser Nelson Joins the Boards of Directors of Adams Diversified Equity Fund and Adams Natural Resources Fund	21-12-09	CI
Adams Natural Resources Fund, Inc. Declares Year-End Distribution, Payable on December 17, 2021	21-11-11	CI
Adams Natural Resources Fund, Inc. Reports Earnings Results for the Half Year Ended June 30, 2021	21-07-23	CI
Adams Natural Resources Fund, Inc. Declares Distribution, Payable on September 1, 2021	21-07-15	CI

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Company Profile

Adams Natural Resources Fund, Inc. (the Fund) is a non-diversified investment company. The Fund is an internally managed closed-end fund specializing in energy and other natural resources stocks. The Fund's investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. The Fund invests at least 80% of its assets in petroleum or natural resources industries or industries connected with, serving and/or supplying the petroleum or natural resources industries. The Fund has broad flexibility to invest in stocks of varying capitalizations, and primarily invests in stocks found in the S&P 500 Energy and S&P 500 Materials sectors. The Fund invests at least 25% of its assets in petroleum and petroleum-related industries. The Fund may invest up to 25% of its assets in commodities related to petroleum, minerals and related products, including swaps. The Fund may invest up to 10% of its assets in real property.

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Closed End Funds

Calendar

2024-10-16 - Q3 2024 Earnings Release (Projected)

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