20 May 2020
Energy experts in Nigeria are uncertain of the sustainability of current increase in the prices of crude oil, as Brent rose to $35.14 per barrel, while Bonny Light traded for $33.92 gaining about $4.11.
10 May 2020
If there is anything to learn from the prevailing economic situation in the country, it is for leaders of the country to understand how to wean an economy that is at the mercy of commodity price volatility or external market forces.
5 May 2020
The Federal Government appears to be walking a real tight rope as she moves further to cut down her spending plan for fiscal 2020 to an all low time around three or four trillion up from more than the N10 trillion size that was originally articulated pre- COVID 19 era in the year 2019.
20 Apr 2020
US oil prices dived to 21-year lows Monday, giving up more than 30 percent in a market flooded with crude and hit by evaporating demand in the face of the coronavirus pandemic.
15 Apr 2020
Oil prices extended their slump Wednesday, with WTI hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a coronavirus-fuelled slump in demand.
1 Apr 2020
Africa’s upstream sector may see its capital spending reduced by around 33 per cent in 2020 due to oil price crash and the coronavirus pandemic.
31 Jan 2020
The outbreak of coronavirus in China, yesterday, pushed oil prices downward to almost $57 per barrel, a situation that may worsen the implementation of Nigeria’s 2020 budget.
14 Jan 2020
Oil prices edged higher on Tuesday as investors focused on the signing of a preliminary trade deal between the U. S. and China, the world’s top oil consumers, and on expectations of a draw-down in U.S. crude oil inventories.
8 Jan 2020
President Muhammadu Buhari on Wednesday met behind closed doors with the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mela Kyari, at the Presidential Villa, Abuja.
5 Jan 2020
Iran may be raising red flag and vowing to revenge the killing of its Revolutionary Guards’ (Overseas Forces) commander, Qasem Soleimani, in a Thursday United States air strike, but the effect of the strike is already disrupting prices of oil, leaving a volatile development for world economy.
5 Dec 2019
Oil prices edged higher on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year.
7 Oct 2019
Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth...