Expert faults govt for failing to shield Nigerians from global oil market shocks
Petroleum Engineer and Oil and gas analyst, Dr Bala Zakka, has criticised the Federal Government for failing to shield Nigerians ...
Tag: Global oil Market
OPEC urge NNPC to boost oil output for $14 trillion global market opportunity
The Organization of the Petroleum Exporting Countries (OPEC) has advised the Nigerian National Petroleum Company Limited (NNPCL) to increase oil ...
Oil Price: Goldman Sachs Warns of Wagner’s Threat to Global Oil Markets
Nigerian consumers should prepare for an impending increase in fuel pump prices as privately-run depots are now charging independent oil ...
Will the United States hamper the rise in oil prices?
The United States is facing a national crisis with the most significant number of coronavirus cases globally, the worst unemployment ...
Global oil market to re-balance in 2 months’ time
In the meantime, OPEC+ wants to keep the existing production output cuts beyond the June expiry date as part of ...
Oil price crashes by 25% over global lockdown concerns
The week seems to be starting on a gloomy note for the global oil market, as the American headline crude, WTI, ...
Nigerian banks at risk due to debts by independent oil producers
According to data from the Central Bank of Nigeria (CBN), about a third of loans by Nigerian banks were given ...
OPEC+ deal gets boost as Russia, Saudi Arabia consider further output cut
The volatility of the global oil market persists as two of the biggest oil-producing countries are considering further output cuts
OPEC Deal: Nigeria to cut oil output by 22% to 1.4mbpd
OPEC and OPEC+ finally agreed to a historic cut in crude oil output as part of measures geared towards tackling ...
Oil Crisis: OPEC deal gets further boost from African Petroleum Producers’ Organization
The African Petroleum Producers’ Organization (APPO) has expressed its support for the resolutions that were reached during the 9th OPEC and ...
