Now that we’re back to 1.6 million daily output, it’s time to hit 2.5 million barrels
With the right investment and technology, Nigeria can increase its production capacity beyond OPEC's quota
Tag: OPEC Cuts
NNPC GMD says recent oil price surge is cosmetic, driven by sentiments
The supply will overshoot the demand in a short time and we will likely slide to where we were in ...
Analysts forecast when Nigeria’s Bonny Light could hit $50
Economies are opening up, however, the recovery is gradual and will take some time for oil prices to hit pre-COVID-19 ...
Nigeria’s bonny light crude avoids price crash
Oil prices, particularly WTI, crashed below $0 during on Monday for the first time ever sending shock waves across the ...
Oil prices drop to 21-year low as demand and storage crises persist
There appears to be no respite in sight for oil producers, as the volatility and continuous price slump in the ...
Nigeria’s Bonny Light hits $12, yet nobody is buying
Bonny Light, dropped to about $12 - $13 a barrel this week, according to oil traders following the West African ...
Oil prices rise after Trump’s plan to reopen US economy
Global crude oil prices rose early Friday morning after US President, Donald Trump, laid out unprecedented measures aimed at reviving ...
Crude oil price plunges by 5% over demand slump, supply glut concerns
Despite the deal by the OPEC and its allies, in addition to the intervention of US President, the volatility of ...
Why is Nigeria not hedging its crude oil like Mexico?
Nigeria does not have any crude oil hedging programme in place. Instead, it sells its crude oil on spot prices. ...
President Trump says oil cut will be 20 million bpd
US President Donald Trump has disclosed that the Organisation of Petroleum Exporting Countries and allies (OPEC+) is looking at 20 ...
