Investing in the oil market

The crash in oil prices would be felt by countries and oil companies that heavily rely on oil for the ...

Nigeria needs to produce, export more oil and gas to sustain fiscal needs -Economist

Nigeria’s bonny light crude avoids price crash

April 21, 2020

Oil prices, particularly WTI, crashed below $0 during on Monday for the first time ever sending shock waves across the ...

Crude oil price plunges by 5% over demand slump, supply glut concerns

by Chike Olisah

April 15, 2020

Despite the deal by the OPEC and its allies, in addition to the intervention of US President, the volatility of ...

OPEC Cut: Nigeria defies Quota, increases crude oil production, FG discloses impact of OPEC+ oil output cut, how to manage post subsidy era

FG discloses impact of OPEC+ oil cut, how to manage post subsidy era

by Chike Olisah

April 13, 2020

The historic oil deal between OPEC and other top oil-producing countries on Sunday, April 12, 2020, did not come without ...

Trump proposes $25 billion bailout for U.S. airlines, President Trump approves Oracle, Walmart deal with TikTok, US gives reasons it warned citizens against travelling to Nigeria, lists 12 high risk states, Donald Trump, What does Iran’s war with America mean for Africa?, US to stop issuing visa for Birth Tourism, Trump Travel Ban List: Why Nigeria should be excluded , US spends over $5b in health assistance to Nigeria in 20 years, gives $32.8m for covid-19, Oil Is Back, YouTube suspends President Trump's account

President Trump says oil cut will be 20 million bpd

by Abiola Odutola

April 13, 2020

US President Donald Trump has disclosed that the Organisation of Petroleum Exporting Countries and allies (OPEC+) is looking at 20 ...

Crude oil in Nigeria, Oil producing states in Nigeria, Department of Petroleum Resources, DPR yet to recognise Anambra Enugu and Kogis States as oil producers, West Africa’s crude inventory is building up as demand slows due to Coronavirus, Oil at $26, as Saudi Arabia in no retreat no surrender oil battle with Russia, Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts, Crude oil prices surge higher as Brent crude hits almost $30 per barrel , Brent crude plunges 5%, world’s second largest economy skips economic growth target

Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts

by Olumide Adesina

April 13, 2020

Oil prices slumped more than 50 cent a barrel on Monday, even after major producers agreed their biggest-ever output cut.

OPEC+ 2, Oil production drops, as Nigeria complies with OPEC+ output cuts

OPEC+Deal: Breakdown of the oil cuts and the applicable timelines.

by Nairametrics

April 13, 2020

So what was agreed? Here is the break down of the cuts and the timelines;

Oil price decline is driven by poor market

OPEC+ Alliance, US, Russia, Canada, Mexico reach historic deal to cut 13.4 million bpd

by Nairametrics

April 12, 2020

A historic deal to cut global crude oil output has been reached between OPEC, Russia and a group of 20 ...

Following OPEC mute mode, Nigeria has the chance to finally meet its oil production quota

Historic OPEC+ oil deal still under threat as negotiations drag

by Chike Olisah

April 12, 2020

There appears to be no respite for the oil crisis, despite the announcement of a deal by OPEC and its allies OPEC+ for output ...

Brent crude drops to $25, oil demand drops by about 10% of world’s consumption, Brent Crude Oil hits $26, as Nigeria's Sweet Crude demand falls, Oil price pushes up before OPEC meeting, Asian equity markets mixed, NIGERIA OIL: Darker days ahead as Brent falls below production cost, Brent crude drops, as oil traders focus on OPEC+ meeting

Brent crude drops to $25, demand drops by about 10%

by Olumide Adesina

March 23, 2020

Oil prices fell today as political leaders around the world escalated lockdowns to curb the spread of the global coronavirus ...

Tag: energy market