‘Oil market’s fragility may go worse with another outage’
The supply disruptions in the oil market may not be over, despite volatility and prices easing in the days after the Abqaiq attack. Precisely, oil prices are back to the days of hovering a little above $60 a barrel.
Petroleum sector braces for robotics as adoption hits $277.8bn
Oil and gas industry is set to speed up the adoption of robotics in upstream, midstream, and downstream activities with the aim of driving efficiency and productivity in the face of uncertainties. A report released on ‘Robotics in Oil & Gas’ by a global think-tank, GlobalData, said the sector is seriously gearing up for use…
Another four years of hope for stable oil prices
Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu, was quoted two years ago to have said he would resign if Nigeria continued to import fuel by 2019. His 2019 projection was hinged on the proposed completion of Dangote’s refinery at the time. Despite sustaining the flow of products with minor issues in the last…