crude oil prices
Crude oil prices to decline to $68 a barrel in 2019
The United States’ Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $71 per barrel in 2018 and $68 a barrel in 2019. Meanwhile, Nigeria’s Bonny Light crude oil has maintain an international price of $73.44 per barrel, higher than the Organisation....
Rise in crude oil prices boosts FAAC disbursement to N6.418 trillion
The Federation Account Allocation Committee (FAAC), disbursed a total sum of N6.418trillion in 2017, representing an increase of 25.8 per cent, and 6.8 per cent when compared to the N5.1trillion and N6.011trillion disbursed in 2016, and 2015 respectively.
Low prices threaten $20b local oil, gas investments
More than $20 billion local investments in the oil and gas sector are under threat as a result of low oil prices.Following the situation, the relevant House of Representatives committee is planning to extend the implementation...
Oil prices fall to $44.05 amid uncertainty over Saudi Arabia minister’s exit
International crude oil prices dropped to $44.05 yesterday amid market uncertainty generated by the removal of Saudi Arabia’s long-serving oil minister, Ali al-Naimi.