Crude oil prices, against earlier predictions, surged past the $40 per barrel mark in the early hours of Wednesday – the highest in almost 3 months.
Today, Oil prices are low, thus no need for the Federation to pay a part of your fuel bill, so no subsidy on imported PMS on...
The United States is facing a national crisis with the most significant number of coronavirus cases globally, the worst unemployment levels seen in decades, and massive...
Nigeria should be mindful that demand does not necessarily translate to sales at the headline futures contract price. The market is still recovering from the super-contango...
Note that crude oil prices are still down by 45% since the beginning of 2020, a situation that had forced oil-dependent Nigeria to revise/readjust her 2020...
As world economies around the world re-open businesses, Brent crude gained about 3% percent to trade at $33.83 a barrel at 2.30 am Nigerian time
Kachikwu talks African Oil and Gas, COVID19 and the future of energy.
With the slowdown in supply glut and improvement in oil demand due to easing of lockdown in economies across Europe, Asia, Africa, and so on
The crash in oil prices would be felt by countries and oil companies that heavily rely on oil for the lion share of their income.
Oil prices have continued its downward trend, with Brent crude falling below its average unit cost of production of c.US$23. T
