Crude oil recap for the past week
Will oil price continue falling as it did last week or will it recover to the $70 level?
Nigeria struggling to find buyers for her oil
Indian refineries have slowed down buying Nigerian oil as a result of COVID-19.
Breaking down what the OPEC report says for oil
OPEC crude oil production in April increased m-o-m by 0.03 mb/d, to average 25.08 mb/d, according to secondary sources.
Brent nears $70 for the first time in 2-months as commodities rally persists
Oil prices have risen steadily in the past three weeks, with Brent Crude rising steadily from $64 in April to...
Did OPEC+ April fool the oil market?
OPEC+ understands the sensitivity of the oil markets, so it prepares accordingly.
As the “Ever Given” ship was stuck in The Nile, the Oil market was also stuck in denial
The Suez canal is not the Strait of Hormuz, where some 21 million barrels — or $1.2 billion worth of...
Is rehabilitating the Port Harcourt refinery necessary? -The $1.5 billion question
With the paucity of funds the government faces, the spending of $1.5 billion on a refinery should be at the...
Will work-from-home affect the demand for Nigerian oil?
The pandemic-related shift to remote work could remove between 1 million and 1.5 million barrels per day from global demand.
Breaking down the rise in fuel price conundrum in Nigeria
The question is, should Nigeria return to the fuel subsidy regime or in fact, is the government still paying subsidies...
Another reason why oil price will keep rising
Several factors are at play pointing to the reality that oil can only go up.
